[Bills in Focus] Shareholder rights, e-commerce safeguards
Social affairsAug 19, 2024
Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) ● Although corporate directors have a duty of loyalty towards their company, they have no obligations toward their shareholders. Therefore, to protect shareholders from the decisions of directors, this bill imposes a duty of fairness on directors. Proposed Bill: Partial Amendment to the Act on the Consumer Protection in Electronic Commerce Proposed by Rep. Cheon Jun-ho (Democratic