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Nascent Stages of Corporate Governance in an Emerging Market: regulatory change, shareholder activism and Samsung Electronics
Author(s) -
Jang Hasung,
Kim Joongi
Publication year - 2002
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/1467-8683.00273
Subject(s) - corporate governance , corporation , shareholder , business , citizen journalism , state (computer science) , democracy , solidarity , variety (cybernetics) , regulatory state , political science , politics , finance , law , algorithm , artificial intelligence , computer science
The dynamic state of corporate governance in an emerging market is discussed through an in‐depth case study of Korea’s Samsung Electronics Corporation (SEC). This paper covers the influence upon SEC’s corporate governance of recent regulatory changes and the efforts of the People’s Solidarity for Participatory Democracy’s (PSPD), a young but influential minority shareholder activist group. It will show that corporate leaders from Korea are slowly gaining an understanding of the importance of corporate governance, but that for a variety of reasons they still remain reluctant participants, unable and unwilling to change effectively.