Laws › Commercial Act › Sub-Section 2 Directors and Board of Directors

Commercial Act — Article 408-4 (Powers of Executive Directors)

상법 제408조의4

This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.

The powers of an executive director shall be as follows:

1. Execution of affairs of the company with executive directors;

2. Decision-making on the execution of the affairs delegated in accordance with the articles of incorporation or by a resolution of the board of directors.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

Korean original (law.go.kr) · Get articles as JSON via API

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