내부통제제도의 활성화 방안에 관한 소고

Abstract

The management of the company without corporate ethics and morals are not welcomed globally, as these kinds of company become insolvent such as Enron and WorldCom eventually. As such CEOs are putting more emphasis on Corporate Internal Control System as one of the strong preventive methods. It’s time to improve the corporate governance structure and be transparent in the management of the company throughout the Internal Control System in Korea. To stimulate the Internal Control System, the independence through enacting a provision of responsibility must be guaranteed. To be independent, ① compliance function staff should have the professional knowledge and understanding ② compliance function should have a formal status within the company ③ compliance function staff should not be placed in a position where there is a possible conflict of interest ④ there should be legal protections for compliance function staff’s status. The internal control guideline in Korea should be described more specifically, such as the Federal Sentencing Guidelines for Organizations, to apply the rule effectively. Also, supervisors should require the company they supervise to have strong control cultures and should takes a risk-focused approach in their supervisory activities.