이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
KRX to beef up monitoring of corporate governance of listed firms
- Collected
- 2017.02.15
- Distributed
- 2017.02.20
- Source
- Go Direct
Poor governance of Korea Inc. has been blamed for low credibility of Korean companies in the capital market and “sell” or “underweight” ratings by global investors, the KRX stated during announcement of its annual business plan for this year.
The KRX plans to recommend all listed companies in Korea to disclose their environmental, social and governance (ESG) performance, allowing the market to monitor their progress.
The KRX had attempted to amend its rules to encourage the firms to disclose their governance issues last year in cooperation with Korea Corporate Governance Service, a private think tank.
The KRX will push to revise its disclosure rules again this year to add the recommendation of ESG disclosure. The disclosure would not be binding, but any noncompliance nevertheless would have to be explained.
The KRX also said it will also encourage listed firms to pay more dividends to shareholders to add appeal to the Korean stocks.
By Han Ye-kyung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]