Journal of Korea Port Economic Association (한국항만경제학회지)
- Volume 20 Issue 2
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- Pages.235-251
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- 2004
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- 1225-3855(pISSN)
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- 2714-1330(eISSN)
A Study on the need of Director and Officer Liability Insurance of China marine industry
中國 海上企業任員賠償責任保險의 필요성에 관한 硏究
Abstract
China's Marine Industry are growing up gradually as China's economy has advanced. Also China's Sipping Industry has been advanced. China Sipping Company is going to become a top 5 of world marine industry. China's Marine Industry has supervised and controled a manager under the mechanism of market economy. China's Marine Industry has been changed from the state-owned marine enterprise affected by government and government has effected on the formation of the board of directors and manager. So, the supervision function of the board of directors was reduced. The executive' role is emphasized when possessing the state-owned enterprise through disposal or auction, or when inducing the participation of foreign attraction. It is desirable for the Chinese director and officer to prepare for the claims internationally due to the international economic actions, , westernization of the public's consciousness about the compensation for damage followed by the increasing national income, and to prepare the increasing demand of cases due to increasing lawyers.
Keywords
- Director and Officer Liability Insurance;
- China marine industry;
- Stockholders disposal;
- auction;
- state-owned marine enterprise