Corporate Governance Service Archives

Corporate Governance Service’s Advice for Korea’s Family-Owned Businesses

SEOUL, Aug. 8 (Korea Bizwire) – Succession of power almost always breeds trouble and conflict. The same applies to Korean chaebol, family-owned business conglomerates, with retail giant Lotte’s family feud pitting the company founder’s two sons against each other being the latest example of a business dispute over a company’s management rights. Such discord, however interesting [...]

Financial Firms Prefer Ex-officials for Outside Directors

SEOUL, March 30 (Korea Bizwire) — South Korea banks and other financial companies have hired former government officials to fill some 30 percent of outside director positions, industry data showed Monday, amid criticism that outside directors are not living up to their roles. According to the data compiled by CEO Score, the number of outside [...]