Abstract

This paper aims to define the finance director system as a way of reforming the governance of private universities and to diagnose the possibility of introduction. To this end, first, a clear concept is defined on the premise of appointing a finance director to the board of directors of the private school, and the issues derived accordingly are pointed out, and as a specific example, the discourse on the financial status of the private school founder is introduced. Next, financial-related policy changes centered on the revision of the Private School Act are reviewed, and the possibility of introducing a financial director system is diagnosed. In detail, it studies the history of the previous administrations' revision of the private school law, the economicization and openness of private school governance, the introduction of an open director system and efforts to preserve private school independence, and the possibility of using the financial director system under the current law. In addition, overseas cases are considered to find the justification and method of introducing the fiscal director system. This paper will help prepare self-rescue measures for private universities in the non-capital metropolitan area, expecting follow-up studies to examine the effectiveness of the phenomenon that will occur after the introduction of the finance director system in private universities.

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