21 Nov 2016

Corporate Governance of South Korean chaebol

Chaebol negligence on governance creates value discount - The Investor, South Korea

South Korean chaebol, or family-run conglomerates, are suffering from a value discount due to their poor governance but some of them still leave the problem unfixed, a US expert on investor relations said. “Frankly, some family owners don’t care about a value discount. But they should reconsider their corporate governance, because when you decided to go public and you take capital from shareholders, it’s part of a deal that they will try to maximize the company’s value,” said John Wilcox, chairman of Morrow Sodali, in an interview with The Investor on Nov. 10.

Topics

Directors Family Owned / Non listed companies Governance Asia