2016-08-01

State Council Approved Enforcement Decree of the Act on Corporate Governance of Financial Companies

The State Council approved a new Enforcement Decree to the Act on Supervision of Corporate Governance of Financial Institutions. The decree establishes high standards for board members and the largest shareholder while mandating clearer governance structures and enhanced accountability. These regulatory adjustments aim to promote sound and transparent corporate governance across financial institutions.

South Korea

Financial Supervisory Service Korea

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