1 year since the commercial law was revised... 8 out of 10 listed companies “changed the way their boards of directors operate”
⚡ Quick Summary
According to the results of a survey of 300 listed companies by the Korea Chamber of Commerce and Industry, it was found that the Board of Directors of domestic listed companies is changing rapidly in the aftermath of the revision of the revised Commercial Act, including the expansion of the duty of loyalty for directors provided by the Korea Chamber of Commerce and Industry.
According to the results of a survey of 300 listed companies by the Korea Chamber of Commerce and Industry, it was found that the Board of Directors of domestic listed companies is changing rapidly in the aftermath of the revision of the revised Commercial Act, including the expansion of the duty of loyalty for directors provided by the Korea Chamber of Commerce and Industry. Changes in the overall business environment have become evident, with the board's agenda review stage becoming stricter and the use of external legal advice increasing significantly. On the 12th, the Korea Chamber of Commerce and Industry announced 300 listed companies...
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