기업지배구조와 기관투자자의 역할

초록

In many countries, Institutional Investors play an important role in financial market and Corporate Governance Reform. In Korea, the role of Institutional Investors is expecting to reform the Corporate Governance now. But the qualitative growth of Institutional Investors is not made. This article focus on the Institutional Investors and Capital Market, Institutional Investors and Governance, and some proposals for improvement of Corporate Governance by Institutional Investors. First, in relation to Capital Market, this article focus on the growth and characteristics, financial structures, and freedom of capital move. Second, in relation to Governance, this article focus on the dispute and the Institutional Investors as solutions, the development of Corporate Governance System, and the limit of role of Institutional Investors. Third, in relation to some proposals for improvement of Corporate Governance by Institutional Investors, this article focus on the corporate control market and the increasement of effect of Institutional Investors, the role of Corporate Governance Rating System, and the role of the Legal System. The topic of Corporate Governance Reform is maybe external problem that we will solve. The improvement for Corporate Governance shall be the active role of Institutional Investors. For this role, Institutional Investors also need to make an effort to monitor corporation as owners of company and to have much interested in voting rights especially.

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