@article{ART002621176},
author={Hwang, Jung-Mi},
title={Reform and Implications from the UK Stewardship Code},
journal={DONG-A LAW REVIEW},
issn={1225-3405},
year={2020},
number={88},
pages={103-128},
doi={10.31839/DALR.2020.8.88.103}
TY - JOUR
AU - Hwang, Jung-Mi
TI - Reform and Implications from the UK Stewardship Code
JO - DONG-A LAW REVIEW
PY - 2020
VL - null
IS - 88
PB - The Institute for Legal Studies Dong-A University
SP - 103
EP - 128
SN - 1225-3405
AB - The Stewardship Code was enacted as a Principle for Responsible Investment, along with accountability for institutional investors who failed to adequately monitor the company's board of directors and management for the cause of the 2008 global financial crisis. In particular, it was introduced in the reflection that domestic institutional investors' engagement was not a desirable direction in situations where corporate owners' family(called by ‘Chaebol’) issues such as shareholders' rights and even losses led to national credibility.
Since the establishment of the 「Stewardship Code」, the UK continues its revision, evaluation and certification efforts to maximize its effectiveness. The revision of the 「Stewardship Code 2020」 has great implications for extending the concept of stewardship to EGS, not limiting the target of stewardship to listed stocks, and strengthening the disclosure of institutional investors' stewardship performance reports.
In order for the Korean stewardship code, which is still in the early stages of introduction, to have the right direction, it is necessary to closely analyze the policies and cases of the market where the stewardship is already actively being exercised.
KW - Stewardship Code;UK Stewardship Code 2020;Monitoring;stewardship;statement of commitment
DO - 10.31839/DALR.2020.8.88.103
ER -
Hwang, Jung-Mi. (2020). Reform and Implications from the UK Stewardship Code. DONG-A LAW REVIEW, 88, 103-128.
Hwang, Jung-Mi. 2020, "Reform and Implications from the UK Stewardship Code", DONG-A LAW REVIEW, no.88, pp.103-128. Available from: doi:10.31839/DALR.2020.8.88.103
Hwang, Jung-Mi "Reform and Implications from the UK Stewardship Code" DONG-A LAW REVIEW 88 pp.103-128 (2020) : 103.
Hwang, Jung-Mi. Reform and Implications from the UK Stewardship Code. 2020; 88 : 103-128. Available from: doi:10.31839/DALR.2020.8.88.103
Hwang, Jung-Mi. "Reform and Implications from the UK Stewardship Code" DONG-A LAW REVIEW no.88(2020) : 103-128.doi: 10.31839/DALR.2020.8.88.103
Hwang, Jung-Mi. Reform and Implications from the UK Stewardship Code. DONG-A LAW REVIEW, 88, 103-128. doi: 10.31839/DALR.2020.8.88.103
Hwang, Jung-Mi. Reform and Implications from the UK Stewardship Code. DONG-A LAW REVIEW. 2020; 88 103-128. doi: 10.31839/DALR.2020.8.88.103
Hwang, Jung-Mi. Reform and Implications from the UK Stewardship Code. 2020; 88 : 103-128. Available from: doi:10.31839/DALR.2020.8.88.103
Hwang, Jung-Mi. "Reform and Implications from the UK Stewardship Code" DONG-A LAW REVIEW no.88(2020) : 103-128.doi: 10.31839/DALR.2020.8.88.103