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자료유형
학술저널
저자정보
저널정보
한국경영법률학회 경영법률 경영법률 제23권 제2호
발행연도
2013.1
수록면
67 - 101 (35page)

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The outside director system has been introduced in Korea before 14years, so the reforming measure to ensure efficiency of the system is now necessary. It is somewhat meaningful to review the system, at this time when the Ministry of Justice is now under processing to reform company law in Korea. The independence of outside director could be ensured, when the power to restraint controlling shareholders is endowed to the outside directors. For this purpose it is appropriate to compulsory introduce cumulative voting and corporate officer system. Under the current law system, controlling shareholders could nominate most of outside and executive directors, so the independence of outside directors could not be ensured. When cumulative voting and corporate officer system are compulsory introduced, minority shareholders can nominate directors and appoint- ment and dismissal of corporate executive organization could be switched from controlling shareholders to board of directors. However at present time compulsory introduction of cumulative voting and corporate officer system should confined to the large companies having total assets amounting more than 10 trillion Korean Won. In this case the regulative burden of the large companies is so serious, so the large companies having assets amounting more than 10 trillion Korean Won could not freely establish Outside Director Nominating Committee and Auditing Committee.

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