株主總會 運營上의 問題點과 그 改善方案

In the stock company, the general shareholders’ meeting that is the highest decision-making system has various functions(i.e., the control of management, the concentration of stockholders’ wish, corporate decision-making etc.). The convocation of this general shareholders’ meeting shall be determined by the board of directors unless otherwise provided by the Commercial Law, the notice for convocation of a general meeting shall be dispatched in writing or by an electronic documents which shall state the subject-matters of the meeting to each shareholder at least two weeks prior to the date set for such meeting, and if the company has issued bearer share certificate, it shall give public notice stating its intention that the general meeting is to be held and the subject-matters of the meeting, at least three weeks prior to the date set for such meeting. Shareholders who hold no less than 3/100 of the total outstanding shares other than nonvoting shares may propose to make a subject matter of a general shareholders’s meeting to directors in writing at least six weeks prior to the date set for such meeting, and who holder no less than 3/100 of the total outstanding shares may demand the convocation of an extraordinary general meeting, by submitting to the board of directors a written statement of the proposed subject-matters of the meeting together with the reasons for the proposed convocation. And Shareholders may exercise their voting rights in writing in lieu of attending the general meeting, in this case notice for the convocation of the general meeting shall be accompanied by reference materials and documents necessary for shareholders to exercise their voting rights. But there are many problems(i.e., exercise of voting right in written, demand for convocation of general meeting by minority shareholders, proxy for voting right, electronic documents, shareholders’ right to make proposal, convocation procedure of general shareholders’ meeting, decision-making of general shareholders’ meeting etc.) concerning provisions on the management of general shareholders’ meeting. In this paper, thus, I investigated the problems of the provisions on the management of general shareholders’s meeting and proposed the reform measures for settlement of such problems under the Commercial Law and the Securities and Exchange Act.