Korean Finance Sector Calls for Corporate Law Reform to Expand Fiduciary Duty to Shareholders

SEOUL, Nov. 27 (Korea Bizwire) – Korea’s financial investment sector will issue an urgent statement advocating for an amendment to the Commercial Act, extending directors’ fiduciary duty beyond companies to their shareholders. The statement, orchestrated by the Korea Corporate Governance Forum, will be unveiled on November 28 at the Press Center in Seoul. This move comes [...]