Regulatory Alerts2016-08-01
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.
The State Council Approved Enforcement Decree of the Act on Corporate Governance of Financial Companies
Date
2016-08-01
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816
File
Enforcement Decree of Governance, v3_.pdf (fileSize: 141KB)
The State Council approved on July 26 newly proposed Enforcement Decree of the Act on Supervision of Corporate Governance of Financial Institutions that seeks to promote sound and transparent corporate governance of financial institutions by setting high standards for board members and the largest shareholder, governance structure, and accountability.
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Department/Division in charge of Information management
Department/Division In charge
International Affairs Department(Financial Hub Korea) International Cooperation Team
Phone Number
+82-2-3145-7895