KCGS 한국ESG기준원

Code of Best Practices for Corporate Governance

February, 2003

Committee on Corporate Governance




The Code of Best Practices for Corporate Governance (hereinafter referred to as "the Code"), which was published in September 1999, has made a significant contribution to the enhancement of governance of listed corporations. The relevant laws and regulations have been amended in accordance with the standard practices recommended by the Code.

The Committee on Corporate Governance was established as a non-government body in March 1999 to develop a code of best practices, a source to guide corporations in establishing a proper corporate governance structure. The Committee was composed of fourteen members from the fields of business, finance, accounting, law and academia, along with an Advisory Group of thirteen law, securities, and financial specialists.