임원보수와 이사책임감면 관련 법률 개정안에 대한 검토

In recent years, regulations on compensation for company executives have been strengthened in many countries. In Korea, several legislative proposals on the remuneration of company executives were submitted to the 20th National Assembly. Most legislation seeks to regulate excessive or unreasonable remuneration, such as setting limits on remuneration for executives, suspension of payments, collection of paid remuneration, and restrictions on liability reduction. The writer analyzed these revised bill of laws. In the view point of writer, most legislation seems to be inadequate in its necessity and completeness. The writer understand the intent of the proposals but do not agree with the legislation. There is a problem with the remuneration system of some companies in Korea, but the remuneration is a means to secure competent talent and this point should be emphasized. In accordance with the reduction system of directors' liabilities introduced in the amendment of the Commercial Act of 2011, the increase in remuneration results in an increase in liability limit. Rather than raise unconditionally, a rational device is needed to complement the pay system. Moreover, there is no company compensation system in Korea. The writer think that it is necessary to use D&O insurance as a supplementary measure.