회사법상 기업지배구조법제의 동향과 평가, 그리고 새로운 제언 = A Critical Review on the Trends of Corporate Governance Regime and a New Alternative Proposal under the Corporation Law

다국어 초록 (Multilingual Abstract)

The corporate governance has been competitively reformed in the corporate world since `90s. The Korean corporate governance has also been changed according to the world regulatory trends, and the Commercial Act revision Bill, in which the western executive officer is introduced, was finally passed in the Congress, March 11, 2011. But the legal regime of Korean corporate governance, structured in the corporate law and mandatorily executed in the korean companies, has been assessed critically ineffective in controling the corporate management. It`s because the most part of the governance system has been taken after the western stylish model without taking some important factors such as unique culture, tradition and social environmental peculiarity of korean companies into considerations. Futhermore current corporate law provides the companies with only a few models of corporate governance, and the chances for the companies to adopt the appropriate governance model have been insufficiently given. So it is necessary to design new effective and appropriate governance models for settling the effective management control system in korean companies. This paper analyses the reasonableness and adequacy of the current factors such as listing and size of the asset as an adopting standard of the governance models in the corporate law and comes to a conclusion that the degree of controlling shareholder`s ownership of the stocks should be fundamentally considered in designing and executing the governance models in accordance with the factors like listing, size of assets and number of shareholders. In conclusion, this paper proposes a variety of newly designed governance models, based on the controlling shareholder`s ownership rate.