Assembly passes bill for union representation on public institutions' boards
National Assembly building in Seoul / Yonhap
The National Assembly Tuesday passed a bill Tuesday that mandates a union representative to be included on public institutions' boards of directors.
During a plenary session, lawmakers approved the bill that dictates public firms and quasi-public institutions must appoint one nonexecutive director recommended or picked by the head of a union to their boards.
The director representing the union will have a two-year term that can be extended by another year.
The bill, which was designed to improve the transparency of management in public firms, will be enforced six months after its promulgation. (Yonhap)