Expertise

Corporate Governance

Introduction

Introduction

Shin & Kim’s Corporate Governance practice provides a full range of legal advisory services relating to corporate management and governance matters, including the formation and operation of holding company groups, internal reorganization of corporate groups, change of corporate control, establishment of internal organs, division of duties and corporate disclosure obligations. Whether it is the protection of minority shareholder rights, protection against hostile shareholders, or the establishment of internal committees for more efficient corporate governance, our Corporate Governance team has worked carefully with clients to optimize the corporate management and governance of their organizations in Korea.

Our Corporate Governance team is acutely sensitive to the balance that needs to be maintained in advising on these matters. Through its extensive experience, Shin & Kim’s Corporate Governance team is able offer effective advice on strategies and structures that can be implemented while keeping commercial objectives of the client in mind.

Key Services

Shin & Kim offers services in the following areas related to corporate governance:

  • Organization and operation of corporate bodies, such as the board of directors and the audit committee, and the qualifications of directors
  • Fiduciary duty of corporate officers (including duty of care)
  • Transfer of control of companies
  • Formation and operation of holding company systems
  • M&As and restructuring at the level of corporate groups
  • Business relations between parent company and subsidiaries or between affiliates of the same corporate group
  • Disclosure obligations and internal control systems of companies regarding corporate governance
Experiences
  • A Korean financial holding company/credit card company, on its improvement of internal regulations following increased enforcement of the Act on Corporate Governance of Financial Institutions
  • Korean Securities Company M, on the improvement of internal regulations following the enforcement of the Act on Corporate Governance of Financial Institutions
  • Korean Company K, on the composition and operation of its board of directors (and committees within the board)
  • Korean Company M, on its conversion into a holding company group
  • Korean Group M, on the improvement of its corporate governance structure
  • Korean Groups H and J, on the improvement of corporate governance after the launch of their holding companies
  • - A number of listed companies and conglomerates, including financial institutions, manufacturing companies and insurance companies, on the improvement of internal regulations (including amendments to the articles of association and integration of amendments made in the Commercial Act relating to governance structures)
  • Korean Group A, on the reorganization of its corporate governance structure