About one-fifth of listed affiliates of the nation's top 10 family-run business conglomerates, or chaebol, have posted public disclosures of their corporate governance, a report showed Friday.
Of the 88 listed affiliates of the major business groups, only 17 affiliates made a public disclosure of their governance structure as of September, according to the report by the Daishin Economic Research Institute.
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(Yonhap) |
The nation's stock exchange operator maintains that listed firms should disclose their governance structure to help win investors' confidence, but it is not mandatory.
The 17 firms included 7 affiliates of Hyundai Motor Group and 7 Samsung Group firms.
No listed affiliates of GS Group, Hyundai Heavy Industries, Hanjin Group or Doosan Group made such a disclosure, the report showed.
Ahn Sang-hee, a researcher at Daishin, said in the report that the Korea Exchange needs to consider requiring listed affiliates of chaebol to make public disclosures on their governance structures. (Yonhap)
