미국 주요 기업의 지배구조 운용 현황 검토 = A Study and Survey Research on the Current Situation of the U.S. Corporate Governance System

다국어 초록 (Multilingual Abstract)

A draft of a proposed Korean Commercial Code of 2013 included ① mandatory regulations of corporate executive officers system, ② phased obligation of the cumulative voting, when election of director, ③ separate election of the Audit Committee of the Board, ④ introduction of the electronic ballot system, ⑤ compulsory regulations of multiple derivative suits. As National Assembly passes the draft, significant changes of Korean corporate governance systems are expected.
Korean corporate governance systems of corporate law have been seriously affected by U.S. systems. Thus, it is important to review for U.S. corporate governance regime and its present conditions of actual systems. This paper researched and surveyed for the current situation of the U.S. corporate governance system by giving specific examples, concretely, which is the systems of principal public held corporations such as Walmart, Exxon Mobil, Apple, JPMorgan & Chase, General Electric, Chevron, Berkshire Hathaway, AT&T, Ford Motor, and IBM.
In conclusion, the time is not yet ripe for the mandatory regulations of corporate executive officers system, the obligation of the cumulative voting, and separate election of the Audit Committee members under the draft in view of facts that American corporate governance legal systems of actual examples give companies greater autonomy in their own systems. It is the time when we should study and ponder this trend of American legal system with great interest.

목차 (Table of Contents)

• Ⅰ. 서언
• Ⅱ. 미국형 기업지배구조론과 관련 문제들
• Ⅲ. 미국 주요 기업의 지배구조 현황 분석
• Ⅳ. 결어 - 시사점에 갈음하여
• Abstract

참고문헌 (Reference)

1 Murray L. Weidenbaum, Transactions Pub. 1967

2 John W. Pratt, Harvard Business School Press 55-56, 1991

3 권종호, "바람직한 기업지배구조 관련 상법개정 방안" 15-, 2013

4 임재연, "미국기업법" 박영사 407-, 2009

5 정경영, "독립적 사외이사, 집중투표" 5-, 2013

6 권종호, "기업지배구조의 획일화 - 집행임원제도의 도입의무화에 관한 상법개정안을 보고 -" 한국기업법학회 27 (27): 247-271, 2013

7 "http://www.ge.com/investor-relations/governance/board-of-directors"

8 "http://www.fortune500-app.com/"

9 "http://www.forbes.com/global2000"

10 "United States v. Bernard J. Ebbers, 458 F.3d 110 (2d Cir. 2006)"

11 Alfred D. Chandler, Jr., "The Visible Hand: The Managerial Revolution in American Business" Harvard University Press 1977

12 Melvin A. Eisenberg, "The Structure of Corporation Law" 89 : 1461-, 1989

13 Gordon Smith, "The Shareholder Primacy Norm" 23 : 277-277, 1998

14 William W. Bratton, "The New Economic Theory of the Firm: Critical Perspectives from History" 41 : 1471-1476, 1989

15 Harold Koontz, "The Management Theory Jungle" 4 : 174-178, 1961

16 Rudolph E. Uhlman, "The Legal Status of Corporate Directors" 19 : 12-13, 1939

17 Henry Hansmann, "The End of History for Corporate Law" 89 : 439-442, 2001

18 Frank Easterbrook, "The Economic Structure of Corporate Law" Harvard University Press 5-, 1996

19 Lissa L. Broome, "The Corporate Boardroom: Still a Male Club" 33 : 665-, 2008

20 Luca Enriques, "The Basic Governance Structure: The Interests of Shareholder as a Class, in the Anatomy of Corporate Law: A Comparative and Functional Approach" Oxford University Press 55-64, 2009

21 "Shields v. Cape Fox Corp., 42 P.3d 1083 (Alaska 2002)"

22 Louis Loss, "Securities Regulation" Aspen Pub. 716-, 2001

23 "Restatement (Second) of Agency § 14C (1958)"

24 Dennis R. Beresford, "Report of Investigation by The Special Investigative Committee of the Board of Directors of Worldcom, Inc."

25 Lyman P. Q. Johnson, "Recalling Why Corporate Officers Are Fiduciaries" 46 : 1597-1605, 2005

26 "Potter v. Pohlad, 560 N.W.2d 389, 394 (Minn. Ct. App. 1997)"

27 "Pinnacle Labs, LLC v. Goldberg, 2007 U.S. Dist. LEXIS 65620 (W.D. Wis. 2007)"

28 Michael Rowlinson, "Marxist Political Economy, Revolutionary Politics, and Labor Process Theory" 30 : 85-88, 2000

29 "Liberty Mut. Ins. Co. v. Northeast Concrete Prods., LLC, 756 N.W.2d 93"

30 Harry G. Henn, "Laws of Corporations and Other Business Enterprises" West 135-, 2002

31 William W. Bratton, "Incomplete Contracts Theories of the Firm and Comparative Corporate Governance" 2 : 745-747, 2001

32 William W. Bratton, "Incomplete Contracts Theories of the Firm and Comparative Corporate Governance" 2 : 745-747, 2001

33 Roberta S. Karmel, "Implications of the Stakeholder Model" 61 : 1156-1163, 1993

34 Thomas F. McInerney, "Implications of High Performance Production and Work Practices for Theory of the Firm and Corporate Governance" 2004 : 135-167, 2004

35 "Hill v. State Farm Mutual Automobile Ins. Co., 166 Cal. App. 4th 1438 (Cal. App. 2008)"

36 "Goodwin v. Hobza, 17 Neb. Ct. App. 353"

37 Arthur R. Pinto, "Globalization and the Study of Comparative Corporate Governance" 23 : 477-484, 2005

38 Allen Kaufman, "From Trust to Contract: The Legal Language of Managerial Ideology, 1920-1980" 66 : 523-530, 1992

39 "ExxonMobil's Corporate Governance Guidelines, as amended on October 29"

40 "ExxonMobil's Audit Committee Charter, as revised on April 27"

41 Kathleen F. Brickey, "Enron's Legacy" 8 : 221-, 2004

42 Richard A. Posner, "Economic Analysis of Law" Aspen Pub. 441-, 2007

43 Myles L. G. Mace, "Directors: Myth and Reality" Harvard Univ. Press 208-, 1986

44 Stephen M. Bainbridge, "Director Primacy: The Means and Ends of Corporate Governance" 97 : 547-, 2003

45 Melvin A. Eisenberg, "Corporations and Other Business Organizations" West 204-, 2000

46 James D. Cox, "Corporations" Aspen Pub. 117-, 2003

47 Adam Winkler, "Corporate Law or the Law of Business?: Stakeholders and Corporate Governance at the End of History" (Autumn) : 109-110, 2004

48 Robert A. G. Monks, "Corporate Governance" Wiley 223-, 2008

49 Richard S. F. Eells, "Conceptual Foundations of Business" Homewood 120-, 1974

50 "Certificate of Incorporation of Exxon Mobil, as amended effective June 20"

51 "Bylers Alaska Wilderness Adventures Inc. v. City of Kodiak, 197 P.3d 199 (Alaska 2008)"

52 "Burcham v. Unison Bancorp, Inc., 77 P.3d 130 (Kan. 2003)"

53 Wal-Mart Stores, Inc, "Audit Committee Charter, amended on April 12"

54 "Arnold v. Soc'y for Sav. Bancorp, Inc., 678 A.2d 533 (Del. 1996)"

55 IBM, "Annual Report"

56 Edward B. Rock, "America's Shifting Fascination with Comparative Corporate Governance" 74 : 367-369, 1996

57 Donald C. Langevoort, "Agency Law Inside the Corporation: Problems of Candor and Knowledge" 71 : 1187-1191, 2003

58 Margaret M. Blair, "A Team Production Theory of Corporate Law" 85 : 247-252, 1999

59 "2012 Form 10-K, Wal-Mart Stores, Inc."

60 Ford Motor Company, "2012 Annual Report" Ford Motor Company 2013