Korea Exchange Holds Board Meeting for Listed Companies on Corporate Value-Up

"Active Participation of the Board of Directors Needed for Value Up"

The Korea Exchange announced on the 13th that it held a board meeting for listed companies related to corporate value-up.

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

The meeting was organized to provide guidance on the corporate value enhancement program, including the draft guidelines for corporate value enhancement plans, and to gather opinions from inside and outside directors of 10 listed companies.

Kim Ki-kyung, Vice President in charge of the meeting, emphasized, "One of the key features of the corporate value-up program is the emphasis on board responsibility," adding, "Since it is based on autonomy, active participation of the board is necessary in the process where management establishes and implements corporate value enhancement plans."

Board members of the listed companies attending the meeting agreed that the role of the board is important when companies autonomously prepare and disclose future plans from a mid- to long-term perspective. In particular, outside directors shared the view that while they have the duty to convey shareholders' voices and supervise management, it is preferable for companies themselves to decide the level of board participation rather than imposing uniform and excessive responsibilities.

A Korea Exchange official stated, "As a result of collecting opinions from institutional and foreign investors, many expressed the need to enhance the expertise and independence of the board," and added, "We will continuously provide guidance on the corporate value-up program to board members."

He continued, "We will continuously gather opinions through investor relations (IR) meetings and outreach sessions for regional companies, and will finalize and announce the guidelines for corporate value enhancement plans in May," adding, "We also plan to launch an integrated corporate value-up website, consulting and translation support for small and medium listed companies, and educational programs for board members and disclosure officers."

This content was produced with the assistance of AI translation services.