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Institutional investors in corporate governance of Korea

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  • Institutional investors in corporate governance of Korea
  • Park, Chan Dong
  • Korea University


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Title Institutional investors in corporate governance of Korea
Similar Titles
Material Type Articles
Author(English)

Park, Chan Dong

Publisher

[Seoul, South Korea]:Korea University

Date 2010-05
Journal Title; Vol./Issue The Asian Business Lawyer:vol. 5
Pages 24
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Direct Investment
Government and Law < Laws and Legislation
Holding SSRN

Abstract

Under the current legal system, shareholders are not fully protected from the abuse of power by management. Outside auditors are not free from the interference of management, and outside directors are also occasionally influenced by management. In this regard, retail shareholders have limited resources in raising capital, utilizing data collection, and analyzing collected data to monitor and control management. Therefore it is important that institutional investors play a crucial role in corporate governance and oversee the company’s management as institutional investments have increased in the global capital market. Nonetheless, activities of Korean institutional investors have been trivial in monitoring the management of companies. This article describes the current monitoring system of the management of companies and discusses problems of Korean corporate governance. In addition, this article investigates the legal constraints restricting institutional investors from participating in corporate governance. (The rest omitted)