The KOSPI 5,000 Special Committee has been named the Grand Prize winner of the fourth Korea Corporate Governance Awards, the Korean Corporate Governance Forum (KCGF) announced Wednesday.
Rep. Oh Gi-hyoung of the ruling Democratic Party of Korea, who chairs the committee, accepted the award at a ceremony held at the Federation of Korean Industries headquarters in Seoul.
KCGF recognized the committee's efforts to spearhead legislative reforms that contributed to the benchmark KOSPI posting the highest growth among major global stock markets this year.
In July, the first amendment to the Commercial Act was passed, introducing a fiduciary duty for directors toward shareholders. This was followed in August by a second amendment mandating cumulative voting for listed companies with assets exceeding 2 trillion won ($1.36 billion). A third amendment, which will require companies to cancel treasury shares within one year of repurchase, is expected to pass before the end of the year.
(The full text is available at the original source via the link below due to copyright management policies)
KOSPI 5,000 Special Committee wins top honor at Korea Corporate Governance Awards
The KOSPI 5,000 Special Committee has been named the Grand Prize winner of the fourth Korea Corporate Governance Awards, the Korean Corporate Governance Forum (KCGF) announced Wednesday.
Rep. Oh Gi-hyoung of the ruling Democratic Party of Korea, who chairs the committee, accepted the award at a ceremony held at the Federation of Korean Industries headquarters in Seoul.
KCGF recognized the committee's efforts to spearhead legislative reforms that contributed to the benchmark KOSPI posting the highest growth among major global stock markets this year.
In July, the first amendment to the Commercial Act was passed, introducing a fiduciary duty for directors toward shareholders. This was followed in August by a second amendment mandating cumulative voting for listed companies with assets exceeding 2 trillion won ($1.36 billion). A third amendment, which will require companies to cancel treasury shares within one year of repurchase, is expected to pass before the end of the year.
(The full text is available at the original source via the link below due to copyright management policies)
KOSPI 5,000 Special Committee wins top honor at Korea Corporate Governance Awards