Half of Samsung Electronics' 14 board members are outside directors.

FORBES: The Korea discount

If electronics allows the Big Board to remain the world's leading stockmarket, its members' seats will be worth much more than if they cling to the old ways, and allow somebody else to gobble up their business.

ECONOMIST: Wall Street

Even after Sony, a consumer-electronics company, cut its board from 40 to 10 in 1997 (three of these are independent non-executive directors), reform has been patchy.

ECONOMIST: Japanese corporate governance: No country for old men | The