콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Government and Law Governance
Government and Law Laws and Legislation

Print

Corporate governance in Korea at the millennium: Enhancing international competitiveness : Final report and legal reform recommendations to the ministry of justice of the Republic of Korea

Related Document
Frame of Image
  • Corporate governance in Korea at the millennium: Enhancing international competitiveness
  • Black, Bernard S.; Metzger, Barry; O'Brien, Timothy; Shin, Young Moo
  • University of Iowa


link
Title Corporate governance in Korea at the millennium: Enhancing international competitiveness
Similar Titles
Sub Title

Final report and legal reform recommendations to the ministry of justice of the Republic of Korea

Material Type Articles
Author(English)

Black, Bernard S.; Metzger, Barry; O'Brien, Timothy; Shin, Young Moo

Publisher

[Iowa City, U.S.]:University of Iowa

Date 2001
Journal Title; Vol./Issue The Journal of Corporation Law:vol. 26(no. 3)
Pages 72
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Government and Law < Governance
Government and Law < Laws and Legislation
Holding SSRN

Abstract

The core of this article is our May 2000 Report to the Ministry of Justice of the Republic of Korea. The Report reviews South Korea's corporate governance system and recommends legal reforms to improve Korean corporate governance and protect against a repeat of Korea's governance-related financial crisis of 1997-1998. The Report's principal recommendations include enhancing the role of public company boards of directors, strengthening independent director and non-interested shareholder review of related party transactions, and requiring cumulative voting and preemptive rights for public companies. The Introduction by Bernard Black that precedes the Report discusses the ongoing transition in Korean corporate governance, and the political and economic forces behind that transition.