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Gyeonggi Governor Lee Jae-myeong will deliver a keynote address at the 2020 Gyeonggi Social Housing Conference held at the Novotel Ambassador Hotel in Paldal-gu, Suwon-si, Gyeonggi-do on the 6th. News 1
Gyeonggi Governor Lee Jae-myeong said on the 15th: “I am concerned that it will lead to a rollback of the chaebol reforms” on the ‘3% rule’ (3% restriction of voting rights for majority shareholder ) of the ‘Law 3 of Fair Economy’ promoted by the government and the ruling party.
In relation to the 3% rule, the Democratic Party discussed a plan to apply 3% individually without adding, instead of adding only 3% of the shares of the majority shareholder and related persons together when appointing auditors and committee members. audit.
Governor Lee pointed out on Facebook the day that “if each proposal is made, the majority shareholder will be recognized by 3% of each and the authority will increase as much as the number of related people, so the purpose of introducing the election by separate from the members of the audit committee is unclear. ”
Governor Lee said: “In the corporate world, the 3% rule is unprecedented abroad, but this is because every foreign company operates an intensive auditing system.” According to the 2019 National Competitiveness Index of the International Institute of Management and Development, Korea’s auditors rank 61 out of 63 countries, the latest level, and the World Economic Forum (WEF) rated Korea’s national competitiveness as 13th out of 141 countries. He emphasized that the corporate governance structure, such as the owner’s attitude towards risk (88) and the willingness to delegate authority (85), is calculated as low ”.
“If the majority of domestic shareholders are concerned about reverse discrimination compared to foreign investors, the same standards need to be applied to foreign investors.” I sincerely hope that it does not undermine the intention of the law to improve the chaebol government structure and the people’s desire for reform. ”
SNS photo capture
It is known that the TF of the Third Fair Economy Law of the Democratic Party held a meeting behind closed doors on the 9th and decided to go through some supplements, such as changing the ‘3% rule’ to ‘individual application’ instead of the ‘ sum ‘original government. This is because it is considered that the voting rights of the main shareholders can be partially expanded if the existing government proposal is not “added” but is “separated” individually. However, a Democratic Party official said: “The 3% rule is the key, but the big frame was saved, but we had some coordination of opinions.” “There was a disagreement on the original government proposal, so we adjusted it through a meeting and we will discuss it further at the standing committee stage.”
Reporter Bae Jae-seong [email protected]
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