[Commercial Law Amendment Law Firm Restaurant] Daeryun analyzes corporate risks and turns them into opportunities

Daeryun Law Firm recently formed a task force (TF) to preemptively respond to changes in corporate governance and the way the board of directors and general shareholders' meetings operate due to revisions to the Commercial Act. The TF focuses on accurately interpreting the purpose of legal revisions and providing customized advice optimized for a company's business structure and management environment. Accordingly, all legal issues and practical areas related to the amendment to the Commercial Act are covered in depth.

The TF is comprised of lawyers with extensive practical experience in the fields of corporate advisory, governance of listed companies, mergers and acquisitions (M&A), contracts between shareholders, fair trade, and dispute prevention. The core members include attorneys Shin Jong-soo (31st class of the training institute), Kye-jun Son (36th class), Gyu-chan Ho (36th class), In-tae Bang (41st class), and Min-hee Ji (10th bar exam).

Attorney Ho said, "Daeryun is supporting the board of directors and shareholders' general meeting operation procedures and decision-making process by designing a compliance system that can be applied to actual management sites," and "We analyze the impact on corporate management of the expansion of directors' loyalty obligations, strengthening the independent director system, and introduction of electronic shareholders' meetings, which are the core of the revised commercial law, and present strategies to turn them into opportunities."

In this process, we diagnose the company's risks and areas needing improvement and provide a customized operation manual that reflects industry characteristics, governance status, and shareholder composition, thereby adding differentiation.

The TF is preparing online and offline seminars to understand the major issues and precedent trends of the amendment. We also plan to provide key information through our YouTube channel and newsletter. In particular, the newsletter is planned to be structured so that it can be used in the field by containing explanations of condolences, as well as actual dispute cases and precautions for practical application. Attorney Ho said, “There is a growing consensus among companies that a proactive design, rather than a reactive response to commercial law revisions is necessary,” and “This will be data that takes this trend into consideration.”

In the short term, the TF plans to focus on supporting areas with significant changes, such as audit committee election regulations and independent director selection procedures. In the mid- to long-term, we are planning to expand integrated advisory services linked to environmental, social, and governance (ESG) and compliance systems.

Daeryun said, “We will strive to provide on-site advice to help companies grow stably in a changing legal environment,” and added, “We will prevent disputes that may arise after the implementation of the amendment and make the implementation of a governance structure that meets international standards our top priority.”

Reporter Park Seon-woo (closely@bloter.net)

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[Commercial Act Amendment Law Firm Restaurant] Daeryun, analyzes corporate risks and turns them into opportunities (Go)