The amendment to Paragraph 2, Article 27 of the Company Act is the inclusion of a new provision prohibiting a government or corporate share-holder from designating its representatives to act as a director and a supervisor of the same company at the same time. The amendment took effect from 6 January 2012.

According to a ruling issued by the Ministry of Economic Affairs on 4 February 2012, those director(s) and supervisor(s) acting in the capacity of the representatives designated by the same government or corporate shareholder before 6 January 2012 may remain in their positions until the expiration of the current term. If such government or corporate shareholder intends to designate a new representative to replace any of said representatives, it may do so without being subject to the new law. However, in a case where a new director or supervisor must be re-elected to fill the vacancy, the new law shall apply.