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| TITLE | 【Syllabus of Latest Opinion】 Supreme Court Decision 2025Da214605 Decided December 11, 2025 【Lawsuit Seeking Severance Pay】 [full Text] |
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| Summary | |
| 【Main Issues and Holdings】 [1] Whether Article 388 of the Commercial Act is a mandatory provision (affirmative), and in a case where the articles of incorporation of a incorporated company states that remuneration of directors should be determined by resolution of a general meeting of shareholders, whether the director may exercise a right to demand remuneration without a resolution of a general meeting of shareholders (negative) [2] Whether an exhaustive delegation of the power to decide on matters regarding remuneration of directors is permissible (negative), and whether the articles of incorporation can state that the chairperson of the board of directors may decide on the distribution of remuneration of individual directors or a general meeting of shareholders can directly delegate such power to the chairperson of the board of directors (negative) | |
