• Title/Summary/Keyword: Governance Improvement

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A Study on Governance Structure Improvement of Large Corporate in Our Country (우리나라 대기업의 지배구조 개선에 관한 연구)

  • 이재범
    • Journal of the Korea Safety Management & Science
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    • v.5 no.1
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    • pp.143-162
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    • 2003
  • The governance structure of corporate is very important to raise the nation's economic efficiency and the operation result of firm. However, the innovation of corporate governance structure is a important problem to improve international confidence in our country, since most large corporate in our country has a promodern governance structure to be influenced in decision making of corporate group by minority governance-shareholder. Therefore, in our country the improvement of corporate governance structure is very urgent. This study examine the improvement device of corporate governance structure to be introduced in our country, and present the improvement direction to be suitable to our country's economic circumstance.

Exploration of Governance Improvement Measures through E-government of Korea (한국(韓國)의 전자정부(電子政府)와 거버넌스 향상 방안)

  • Kim, Sung-Won;Kim, Jong-Seong
    • Journal of Information Management
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    • v.43 no.3
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    • pp.117-137
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    • 2012
  • This study examines the status of Korean E-government implementation and explores the ways to contribute to governance improvement by means of the e-government. As far as the level of implementation of e-government, Korea is confirmed to have achieved upper level by global standards, but it is found that continuous efforts of improvement is still required in the area of integrative management, which is considered as a final phase of e-government development. In order to evaluate how much e-government of Korea has contributed to the improvement of governance, I tried to measure the usability of e-government from the perspective of providers and that of consumers, and also, a qualitative evaluation on the provision and usage of functions related to the governance was also adopted. It is concluded that, while Korean e-government has reached a remarkable stage in the quantitative perspectives, there are still a room for improvement from the qualitative perspective, such as its role as a means of governance improvement. Also, based on the above evaluations and consequent findings, I suggest guidelines for the improvement of governance through the development of e-government.

A Study on Key Issues of Vitalizing the Governance of Rural Area Development and Policy Improvement Plans: Focusing on the Case of Regions in Chungcheongnam-do with Privately Entrusted Intermediary Support Organizations for the Community building Established (농촌 마을만들기 거버넌스의 활성화를 위한 주요 쟁점 및 정책 개선방안에 관한 연구: 충남지역 내 민간위탁형 마을만들기 중간지원조직 설치 지역을 사례로)

  • Ko, Kyoung-Ho
    • Korean Journal of Organic Agriculture
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    • v.29 no.1
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    • pp.51-73
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    • 2021
  • This study is intended to derive the key issues on vitalization of the governance of rural area development for 6 cities and counties in Chungcheongnam-do where privately entrusted intermediary support organizations have been established and to present their improvement plans of policy. The findings of the study have shown the governance for the case regions is still being characterized with a very formal governance being dominated by the strong administrative initiative and expediency. What have been presented as the improvement plans of policy are as follows: First, core provisions of the ordinances must be strengthened to mandatory regulations, and some ways to check and supplement such as monitoring, policy forums by public-private partnership, etc. are required for the sake of the effective operation of the ordinances. Second, in relation to the bases of competence according to the roles of core governance players, it is necessary to overcome the limitations of job rotation system, align the administrative support systems, expand the functions of a policy committee based on public-private cooperation and operate it effectively in the case of administration, and to strengthen a footing of a civilian community and the perspectives of political incubation in administration and provide support projects contributing to the growth of the corporations in the case of the entrusted corporation, and to align the operating systems of the centers, review the introduction of a system with a full-time center head, continuously provide specialized education and improve the working environment in the case of the support centers.

Carbon Emission Disclosure, Good Corporate Governance, Financial Performance, and Firm Value

  • KURNIA, Pipin;DARLIS, Edfan;PUTR, Adhitya Agri
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.223-231
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    • 2020
  • This research aims to examine (1) the effect of carbon emission disclosure on firm value, (2) the effect of good corporate governance on firm value, (3) the mediating role of financial performance between carbon emission disclosure and firm value, and (4) the mediating role of financial performance between good corporate governance and firm value. The research sample includes 43 mining, agro, and manufacturing firms listed in the Indonesian Stock Exchange over the 2015-2017 period. Carbon emission disclosure is measured by an indicator of the Global Reporting Initiative Series of Environmental Aspect. Good corporate governance is measured by the corporate governance score of shareholder rights, boards of directors, outside directors, audit committee and internal auditor, and disclosure to investors. Financial performance is measured by return on assets, while firm value is measured by Tobin's Q. Data analysis uses the structural equation modeling. The result shows carbon emission disclosure and good corporate governance have no direct effect on firm value. On the other hand, financial performance mediates the effect of carbon emission disclosure and good corporate governance on firm value. It shows that higher carbon emission disclosure and good corporate governance are meaningless for the investor if they do not give any financial performance improvement.

A Comparative Analysis of Corporate Governance Guidelines: Bangladesh Perspective

  • Rahman, Md. Musfiqur;Khatun, Naima
    • Asian Journal of Business Environment
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    • v.7 no.2
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    • pp.5-16
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    • 2017
  • Purpose - The purpose of this research study is to make a comparative analysis between corporate governance guidelines 2016 and 2012 and area of further improvement to ensure better governance, accountability and transparency. Research design, data and methodology - This research study is mainly based on the corporate governance guidelines 2016 and 2012 issued by the regulatory authority known as Bangladesh Securities and Exchange Commission (BSEC). Results - This study finds that corporate governance guideline 2012 include some new issues such as criteria and qualification of independent director; some additional statements in the directors' report; mandatory requirement of separation of chairman and CEO; constitution of audit committee; chairman of audit committee; role of audit committee, duties of CEO and CFO on financial statements; and collection of compliance certificate from professional accountant or secretary in compare to corporate governance guidelines 2016. Conclusions - This study suggests that the regulatory authority should include more issues such as tax management and reporting, risk management and reporting; individual and overall performance analysis of the board and independent directors; separate nomination and compensation committee; assessment of true independence of the board and its supporting committees to ensure higher quality of corporate governance and transparency.

Between local welfare center and urban regeneration support center Collaborative Governance Example and Improvement strategies (지역복지관과 도시재생지원센터 간 협력적 거버넌스 사례 및 개선전략)

  • Lee, Woon Hee;Go, Eun Ah
    • The Journal of the Convergence on Culture Technology
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    • v.4 no.3
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    • pp.63-74
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    • 2018
  • This study suggested cooperative governance cases and improvement strategies between local welfare centers and urban regeneration support centers, centered on urban revitalization areas around Seoul Station, by applying FGI. Based on the analysis of the contents of FGI participating in the cooperative governance process, it was proved that the common role and identity between the local welfare center and the urban regeneration support center were regional based activities. And the advantage of constructing collaborative governance was analyzed by four ways. In addition, this study presented improvement strategies from a microscopic and macro perspective. The results of this study suggest that the change in the curriculum of social workers' education and the expansion of the scope of the practitioner in the Urban Regeneration Business Act propose.

A Study on the Factors Affecting the KBS Institution and the Expert Recognition Study on the Improvement of Governance (KBS 제도에 영향을 미치는 요인과 지배구조 개선에 관한 전문가 인식 연구)

  • Park, Jong-Won;Lee, Chang-Hyung;Kim, Kwang-Ho
    • Journal of Digital Contents Society
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    • v.19 no.6
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    • pp.1069-1079
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    • 2018
  • Based on the theory of media governance, we analyzed the factors affecting the KBS system and the perception of the improvement of corporate governance, and suggested ways to improve the governance structure. The results of the study are as follows. First, the factors affecting the KBS system are politics, followed by the public broadcasting itself, that is, professionalism. Political factors were found to be the most influential factors in the public broadcasting KBS Institution. Second, the KBS governance structure, like the BBC, preferred a political independent model, while the board composition and proportions favored a German-style union model involving various stakeholders outside the political circle. Third, the future - oriented KBS governance model requires a change in the civil society (public) sphere that is deviated from the influence of politics and market. In the end, in order for the public broadcasting KBS system to operate stably, the political influence should be reduced, and the role of the government and the market should be controlled by the growth of the public sphere (civil society).

The Effect of Corporate Governance on the Cost of Debt: Evidence from Thailand

  • JANTADEJ, Kulaya;WATTANATORN, Woraphon
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.283-291
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    • 2020
  • Although the corporate governance plays a crucial role in protecting shareholder wealth, the effect of corporate governance on cost of debt is unclear. On one hand, the corporate governance reduces asymmetric information between corporate and external investor including debtholder leading to a decreasing in cost of debt financing. On the other hand, bondholders require higher rate of return for an improvement corporate governance. Hence, this study aims to investigate the relationship between the mechanism to improve corporate governance namely board effectiveness and the cost of debt in an emerging market. As we aim to explore the relationship between cost of debt and board effectiveness, we select corporation in Thailand as our sample because the businesses in Thailand are major debt-financing. Hence, our sample include listed firm in Stock Exchange of Thailand between 2007 and 2016. Our main findings support the sub-optimal investment hypothesis in that improved board effectiveness is associated with higher cost of borrowing. In addition, we find that the number of board member-board size, the number of board meeting, and the percentage of non-executive on audit committee play are positively associated with the cost of debt financing. Furthermore, we perform two-stage-least square (2SLS) to ensure that our results are far from endogeneity issue.

A study on the improvement of water resource governance to adapt to climate change (기후변화 적응을 위한 국내 수자원 거버넌스의 개선방안 모색)

  • Kim, Sinae;Kang, Moon-Seong
    • Journal of Korea Water Resources Association
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    • v.55 no.4
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    • pp.309-319
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    • 2022
  • In establishing climate change adaptation strategies, the recent policy paradigm is changing from structural measures in the past to risk management. The establishment of water resource governance based on the participation and cooperation of various stakeholders is important in developing a climate change adaptation strategy. This paper identifies the limitations of Korea's water resource governance and seeks ways to improve the water resource governance for effective adaptation to climate change by examining the development process and current status of water management policies and water resource governance in Korea and major OECD countries.

A Study on the Development Plan of Smart City in Korea

  • KIM, Sun-Ju
    • The Journal of Economics, Marketing and Management
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    • v.10 no.6
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    • pp.17-26
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    • 2022
  • Purpose: This study analyzes advanced cases of overseas smart cities and examines policy implications related to the creation of smart cities in Korea. Research design, data, and methodology: Analysis standards were established through the analysis of best practices. Analysis criteria include Technology, Privacy, Security, and Governance. Results: In terms of technology, U-City construction experience and communication infrastructure are strengths. Korea's ICT technology is inferior to major countries. On the other hand, mobile communication, IoT, Internet, and public data are at the highest level. The privacy section created six principles: legality, purpose limitation, transparency, safety, control, and accountability. Security issues enable urban crime, disaster and catastrophe prediction and security through the establishment of an integrated platform. Governance issues are handled by the Smart Special Committee, which serves as policy advisory to the central government for legal system, standardization, and external cooperation in the district. Conclusions: Private technology improvement and participation are necessary for privacy and urban security. Citizens should participate in smart city governance.