In an attempt to make Korean businesses more attractive to foreign investors, for example, the South Korean government recommended that companies listed on the stock exchange introduce a two-tiered structure. One structure was to consist entirely of non-executive (outside) directors. One of few companies to immediately adopt this new system of governance was Pohang Iron & Steel Company Ltd. (POSCO), the world’s largest steelmaker. POSCO was listed on the New York Stock Exchange and had significant operations in the United States, plus a joint venture with U.S. Steel. According to Youn-Gill Ro, Corporate Information Team Manager, “We needed professional advice on international business practices as well as American practices.