The Korea Stewardship Code Center established within KCGS is comprised of researchers specialized in stewardship code and has accumulated an array of best practice cases in relation to stewardship responsibilities from Korea and abroad as a result of the research activities the Center has thus far performed. The Korea Stewardship Code Center works independently from the main business division of KCGS. This separation of jobs is intended to prevent any conflict-of-interest issues from occurring in the first place. As per the Recommendations from the Korea Stewardship Code,the Center carries out the following activities:
Recommendations from the Korea Stewardship Code
As the organization that examines and monitors the trend of the implementation of the Korea Stewardship Code, it is recommended that the Korea Corporate Governance Service examine the appropriateness of the Code's detailed contents every two years.
When the participants of the Korea Stewardship Code or the market at large request, or when the need arises, it is recommended that the Korea Corporate Governance Service prepare and publicly release explanatory documents and undertake measures to introduce overseas examples in order to assist in the understanding and actual implementation of the Code's detailed contents.
The Korea Stewardship Code stipulates that the Korea Corporate Governance Service examine and monitor market trends as part of its work. Apart from this work, it is recommended for future discussion the need to examine the implementation of the Code by participating institutional investors separately, as well as the organization in charge, and the scope of its work.
Responsibilities of Stewardship Code Center
Providing supports for establishment and revision of the Code
Periodic review and amendment of the specific details of the Principles based on the overall market circumstances in Korea and abroad
Establishing a process to collect opinions from institutional investors and other stakeholders
Providing supports for the operation of the Korea Stewardship Code Council and the revision of the Code
Providing supports for participation and implementation by institutional investors
Publishing guidelines to help and facilitate participating institutional investors implement the Principles set by the Code and sharing best practices from Korea and abroad
Publishing guidelines on shareholder activities
Other diverse activities to help domestic and overseas institutional investors join and implement the Code
Research on market trends
Researching and publishing overall market trends on a regular basis with regard to the participation in and implementation of the Principles
Disclosing the list of the institutional investors that are already participating or plan to participate in the Code and their relevant information such as website details
Providing networking opportunities for institutional investors and other stakeholders through hosting forums to discuss Stewardship Code
Organizing symposiums to discuss market trends, legal environments and challenges with regard to Stewardship Code
For questions, please contact Stewardship Code Center at +82-2-6951-3901