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자료유형
학술저널
저자정보
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한국경영법률학회 경영법률 경영법률 제24권 제1호
발행연도
2013.1
수록면
189 - 216 (28page)

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Outside directors' roles and legal Responsibilities should be discussed in a larger context, a corporate governance. In specific, in the case of financial companies, as the unbalanced corporate governance can be a direct risk factor of stability of financial system, outside directors' roles and legal responsibilities should be regulated more strictly than those of general non-financial company. Currently, financial companies have a strong likelihood of evasion of responsibilities due to the diversity and duplication of internal control function. Thus, it is necessary to create a system to settle down the possibility of evasion of responsibilities. Therefore, first of all, it is essential to clearly clarify outside directors' roles and source of responsibility, which leads to bring effects of preventing illegal act in advance as well as managing operational risks in management. In addition, outside directors' responsibilities should be classified into the duty of care, duty of loyalty, duty of oversight, and the duty of internal control. Also, it is necessary to discuss the scope of outside directors' responsibilities and to what extent the responsibilities are reasonable along with liability for damages if the responsibilities are violated. Finally, this study will contribute to explore academically how important outside directors' effective operation is to achieve successful operation of financial companies and stability of corporate governance.

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