A revision to the Commercial Act has been passed during a plenary session of the National Assembly in Seoul on Monday. The new legislation mandates the cancellation of treasury shares, a move aimed at enhancing corporate transparency and shareholder rights.
The revision is expected to have significant implications for companies, particularly those that hold substantial amounts of treasury shares. The law is designed to prevent companies from using these shares for purposes that do not align with shareholder interests.
Lawmakers emphasized that the change is part of broader efforts to improve corporate governance in the country. The revision is anticipated to encourage companies to return excess cash to shareholders and foster a more equitable distribution of profits.
Industry experts are closely monitoring the potential impact of this legislation, as companies prepare to adjust their financial strategies in response to the new requirements.
Implementation details and timelines for the treasury share cancellations will be clarified in the coming months, as companies begin to navigate the revised regulatory landscape.
국회는 월요일 서울에서 상법 개정안을 통과시켰으며, 이는 자사주 매입을 의무화하는 내용을 포함하고 있다.
이번 개정안은 상법을 강화하기 위한 것으로, 기업들이 자회사로부터 자사주를 매입할 경우 일정한 절차를 따르도록 요구하고 있다.
정부는 이번 개정이 기업의 투명성을 높이고 주주 권리를 강화하는 데 기여할 것이라고 밝혔다.
상법 개정안은 제3차 수정을 통해 이루어졌으며, 기업들은 이에 대한 준비가 필요할 것으로 보인다.