South Korea’s revised Commercial Act introduces a duty of loyalty for directors, shifting focus to procedural fairness in corporate governance and raising the importance of transparent decision-making and minority shareholder rights, with companies looking to U.S. legal precedents for guidance.
#YonhapInfomax #CommercialAct #KimAndChang #DutyOfLoyalty #ProceduralFairness #MinorityShareholders #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=74448

Fairness Properties of Compensation Schemes https://d.repec.org/n?u=RePEc:ces:ceswps:_11943&r=&r=lma
"… the benefits of providing incentives need to be traded off against unintended side effects due to violation of employees’ #fairness norms
… pay inequality has a strong negative effect on perceived fairness. Controlling for pay #inequality, people consider piece rate schemes fairer than those with a discrete bonus and a tournament design
… if incentive contracts cannot be avoided, they should be designed carefully and motivated with reference to #proceduralFairness"
#LaborMarkets #wages
#ExperimentalEcon