• Management & Information Systems Review
• /
• v.35 no.1
• /
• pp.173-188
• /
• 2016

The introduction and operation of compensation committee can affect managers' incentive-compensation system. In this context, The purpose of this paper examines whether managers' pay-performance sensitivity is affected by the quality of the compensation committee(compensation committee size, the proportion of outside directors on the compensation committee, the proportion of directors with 2 or more non additional board seats on the compensation committee) To test this hypothesis, we use a sample of 260 firm-year observations between 2001-2013. The results are as follows. Firstly, we find that no significant relevance between the compensation committee size and pay-performance sensitivity. But the proportion of outside directors on the compensation committee and the proportion of directors with 2 or more non additional board seats on the compensation committee is positively associated with both pay-earnings based performance sensitivity and pay-stock based performance sensitivity. Secondly, we find that the integration quality of the compensation committee is positively associated with both pay-earnings based performance sensitivity and pay-stock based performance sensitivity. Overall, our analysis suggests that compensation committee are important mechanism in the design of efficient incentive-compensation system.

• Management & Information Systems Review
• /
• v.35 no.1
• /
• pp.287-305
• /
• 2016

This study confirms that there is a correlation between managers' incentive-compensation system(introduction of the compensation committee) and corporate governance mechanisms (ownership structure, proportion of outside directors, debt ratio, competitive strength), and analyzes whether firm value is affected by corporate governance mechanisms. The purpose of this paper are empirically tested using 318 firm-year data listed on the KRX from 2001 to 2010 and 2SLS(two-stage least square method) were used for the analysis of the hypotheses. The results of empirical tests are as follows. Firstly, there is no correlation between introduction of the compensation committee and corporate governance mechanisms. In addition, the results show that there is a causal relationship between some variables. Secondly, results from the analysis of the impact of corporate governance mechanisms on firm value, only introduction of the compensation committee and foreign investors ownership were analyzed as a positive impact on the firm value. This result means that most domestic firm don't actively used for managers' incentive-compensation system as a useful control device for improving corporate governance.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
• /
• 2019.05a
• /
• pp.220-221
• /
• 2019

향후 도입이 검토되고 현재 개발되고 있는 자율운항선박(MASS)에 대한 법적문제에 대한 검토가 필요하게 되어 국제해사기구(IMO) 법률위원회(LEG)에서 이러한 법적사항을 논의하게 되었다. 이에 법률위원회에서 진행되고 있는 자율운항선박의 책임 및 보상 문제 관련 논의사항 및 최근 동향에 대해서 분석하고 우리나라가 참여하고 있는 LEG 협약의 규정검토작업에 대한 동향도 살펴보고자 한다.

• KOREAN POULTRY JOURNAL
• /
• v.39 no.4 s.450
• /
• pp.104-106
• /
• 2007

위생방역대책위원회가 지난 9일 본회회의실에서 개최되었다. 김선중 위원장을 비롯하여 정부기관.전문수의사.학계 등 9명의 위원이 참석한 가운데 진행된 이번 위원회에서는 고병원성 AI지침사항, LPAI 백신시행, ND 살처분 보상과 효율성제고 방안 등 최근 질병과 관련하여 주요사항들을 선정하여 심도있는 논의시간을 가졌다.

• KOREAN POULTRY JOURNAL
• /
• v.53 no.8
• /
• pp.120-123
• /
• 2021

지난해 11월부터 올해 4월까지 약 5개월간 발생한 고병원성 조류인플루엔자로 산란계는 184농가에 16,745천수로 전체 23%에 해당되는 마리수가 살처분되면서 산업이 여전히 불안정한 상황이다. 특히나 정부는 AI 발생농장 외에도 반경 3km의 농가 모두 예외 없이 살처분을 감행했고, 입식 시점에서는 턱없이 부족한 정부 보상 기준과 현실에 맞지 않는 정책으로 그 고통은 농가가 고스란히 떠안고 있다. 본회 채란위원회 차원에서 조직 활동 중인 'AI 살처분 농가 비상대책위원회' 황승준 AI 비대위원장을 만나 최근까지 활동과 농가의 요구사항에 대해 인터뷰한 내용을 정리했다.

• KOREAN POULTRY JOURNAL
• /
• v.53 no.10
• /
• pp.146-148
• /
• 2021

• KOREAN POULTRY JOURNAL
• /
• v.33 no.2 s.376
• /
• pp.68-69
• /
• 2001

경상북도 상주시 낙동면 신오리에서 7만수 규모로 10년간 육계업을 경영하고 있는 김봉득(봉봉농장, 본회 경북지부 회원)사장이 지난해 10월 25일경부터 일주일간에 걸쳐 25,000수에 달하는 닭들이 집단폐사하고 정원 연못에서 담수어들이 떼죽음을 당하면서 상주시청을 상대로 4개월간 배상문제를 놓고 끈질긴 투쟁을 하고 있으며, 지난 1월 10일 환경 분쟁조정위원회에 조정신청을 낸 상태로 보상결과가 주목되고 있다.

• Journal of the Korea Convergence Society
• /
• v.11 no.12
• /
• pp.243-251
• /
• 2020

The purpose of the study is to explore the relationship between the type of reporting weaknesses in the Internal Accounting Control System and executive compensation, and then analyze whether such relevance varies depending on the characteristics of governance structure. The analysis data used 6,343 KOSPI&KOSDAQ companies excluding the financial industry from 2011 to 2016. As a results of the study, First, executive compensation decreased in companies reporting the weaknesses of CL. Second, this relevance was further strengthened according to the governance structure. This study confirms that information on the operation results of system is an important factor in determining manager compensation. It implies that it is necessary to study reasonable compensation policies and governance structures suitable for companies. If an internal control system that affects executive compensation is added, the basis for stronger support of the research results can be prepared.

• The Korean Journal of Air & Space Law and Policy
• /
• v.23 no.1
• /
• pp.33-54
• /
• 2008

The damage to the third parties caused by aircraft in flight shall be fully compensated to the extent that the damage didn't occur unless the damage is caused by innocent victims. However, related international Conventions limit operator's liability of compensation to certain levels, which is one of the main reasons that such international Conventions have not been ratified by many aviation leading States. However, international community has agreed, since 9/11, that the accidents caused by terrorists and the protection of the third parties need to be addressed more actively. And the amendment of the related Rome Conventions has been drafted under the ICAO leadership by the special committee that was organized to modernize the related international Conventions. This study addresses the issues related to the draft Conventions, the draft Convention for Damage caused by Aircraft to Third Parties, in case of Unlawful Interference and the draft Convention on compensation for Damage caused by Aircraft to Third Parties. It is expected that it takes considerable time to reach an agreement on all the issues from appropriate apportionment of liability between the government and operator to the details regarding the management of Supplementary Compensation Mechanism. Under the circumstances where the needs for the air transportation as well as threats of terrorism increase, the new international Convention should be prepared taking into consideration the balance between the protection of the innocent third parties and that of air transport industry including air carriers. Along with this, the Republic of Korea should actively participate in the process of amendment to the related international Conventions to protect the life and property of the people from anticipated damages.

• The Korean Journal of Air & Space Law and Policy
• /
• v.35 no.3
• /
• pp.39-63
• /
• 2020

This paper reviews the Interpretative Guidelines on EU passenger rights regulations in the context of the developing situation with COVID-19 of EU commission. To enlighten the obscurity and to mitigate the economic impacts of the COVID-19, European Commission has published "Interpretative Guidelines on EU passenger rights regulations in the context of the developing situation with Covid-19" on March 18, 2020. The Guideline essentially aims to create a coherent system of rules to assist the passengers, industry and national authorities overall under the unprecedented circumstances across the European Union. To do so, the Guideline is drafted to cover the rights of passengers travelling by air, rail, ship or bus/coach, maritime and inland waterways, as well as the corresponding obligations for carriers. From an aviation industry focused perspective, by referencing the Regulation (EC) numbered 261/2004, the Guideline specifically applies to cancellation and delay in flights which are seen as the dark spots for the air carriers concerning potential burdens.