Samsung Group employees were waiting in front of the Seoul Detention Center in Uiwang, Gyeonggi-do after the court’s decision to arrest Samsung Electronics Vice Chairman Lee Jae-yong in 2017. Photo = Yonhap News
Jaeyong Lee Samsung Electronics(87,100 +2.47%) Interest is focused on how Samsung, whose total number has been absent due to the vice-chairman’s arrest, will prepare’Plan B’.
In 2008, when the late Chairman Lee Kun-hee stepped down from the front line of management due to the’X File Incident’, Samsung established Lee Soo-bin, former chairman of Samsung Life Insurance, as the acting general manager.
When Vice Chairman Lee Jae-yong was arrested in 2017, he continued his day-to-day management centering on the CEO of each subsidiary, and major issues were reported directly by Vice Chairman Lee.
According to the industry on the 19th, it is known that Samsung will soon hold an emergency presidential meeting centered on affiliates and discuss follow-up measures.
As in 2017 when Vice Chairman Lee was arrested, Samsung has a policy that there is no’Plan B’to replace the general management system.
Emergency management is inevitable, in which important issues are decided in groups, centered on affiliates and the board of directors.
In 2017, Samsung made an’all-stop’ on matters related to investments, mergers and acquisitions (M&A). This is because there was no’responsible person’ in the case of enormous amounts of money, which depended on the good luck of the company.
First of all, it is predicted that Hyun-ho Jeong, president of Samsung Electronics’ Business Support Task Force (TF), who is considered to be the closest aide to Lee’s, or Lee In-yong, president of external cooperation, will meet with Lee first.
Three years ago, former Vice Chairman Choi Ji-sung (Vice Chairman of Future Strategy) first visited Lee, but former Vice Chairman Choi was sentenced to two years and six months in prison along with Lee, and is currently in court.
Meanwhile, the Samsung Compliance Monitoring Committee, which was evaluated as “not effective” by the court, plans to proceed as scheduled for the regular meeting scheduled for the 21st.
The Compliance Committee plans to review ways to improve the issues pointed out by the court at the meeting. In an apology to the public in May of last year, Vice Chairman Lee said, “I will ensure that the Compliance Committee can operate without interruption even after the trial regarding me is over.”
Reporter No Jeong-dong Hankyung.com [email protected]
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