Governance change and its impact on board decision-making

Abstract

This study analysed how a new Korean Government regulation influenced the public enterprise board's structures, processes, and decision-making. Furthermore, this research examines factors influencing board's decision-making. To undertake these board studies, meeting minutes which had been recorded in stenographic form were used. The analyses demonstrated that the number of directors increased after enacting the regulation, especially the percentage of outside directors, as did the annual number of board meetings. However, board meeting attendance rate and the number of decisions with amendment did not change. The number of agenda items, both reporting and decision-making types increased.