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Enhancing Corporate Governance for BanksShim, YoungIssues related to corporate governance have continued to attract national and international attention. In 2006 the Basel Committee on Banking Supervision published its guidance on enhancing corporate governance for banking organisations. This guidance is a revised version of the 1999 guidance which drew from OECD principles of corporate governance.The chapter Ⅱ introduces the Basel Committee's guidance on enhancing bank's corporate governance. The chapter Ⅲ analyses the current bank's corporate governance system in Korea. For enhancing bank's corporate governance, there should be an appropriate corporate governance framework in laws and regulations. Korea needs to upgrade its corporate governance framework by establishing minimum fit and proper standards for bank directors, abolishing the board of directors's power to reconsider the audit committee's decisions, and rearranging responsibilities of the audit committee and the compliance officer. Every bank needs to establish its own corporate governance system. Furthermore, the banking supervision authorities and the stakeholders (shareholders, depositors and financial markets) have the unique roles in the bank's corporate governance. In order to perform their roles, transparency is essential.