Samsung Electronics Vice Chairman Lee Jae-yong is attending a decision on the decision to remand the Gukjeong Nongdan case at the Seoul High Court in Seocho-gu, Seoul on the afternoon of the 30th of last month./Photo = News 1
Samsung Electronics Vice Chairman Lee Jae-yong confronted the members of the Samsung Compliance Committee (Compliance Committee), an external organization for compliance with Samsung, to establish Samsung’s compliance culture.
According to the Compliance Committee on the 11th, the Compliance Committee held its first meeting with Vice Chairman Lee this year before holding an extraordinary meeting at Seocho Tower, Samsung Life Insurance, Seoul.
The Compliance Committee delivered opinions on the role of Vice Chairman Lee in establishing Samsung’s compliance culture. Vice-Chairman Lee also reaffirmed Samsung’s commitment to compliance management, reaffirming that he will ensure continued activities of the Committee in the future. Along with this, both sides agreed to regularize future interviews.
Earlier, Vice Chairman Lee showed his willingness to attend regular meetings of the Compliance Committee even before leaving for business trips overseas in October last year, and to establish such a place for communication in the future. At this meeting, Vice Chairman Lee also announced that he will surely keep the promises of the public on the three agendas, such as succession of management rights, labor, and communication with the civil society, announced in accordance with the recommendations of the Compliance Committee in May.
Vice-Chairman Lee’s move is attracting attention as it is one week before the sentence of revocation and repatriation. The Seoul High Court Criminal Division 1 (Deputy Judge Jung Joon-young Song Young-seung Kang Sang-wook) is scheduled to hold an election for the repatriation of the Gukjeong Nongdan on the 18th and decide on the sentence of the vice-chairman Lee.
Vice-Chairman Lee, who held the final defense at the decision trial held on the 30th of last month, showed himself taking care of future food such as system semiconductors, 6G communication (6G), and artificial intelligence (AI) through on-site management as the new year dawns.
Vice-Chairman Lee said, “Samsung will make a company with the highest level of transparency and morality beyond compliance,” and said, “I will only increase the value of the company and contribute to the society without taking personal interests no matter what.” It emphasized that it will create’New Samsung’.
In order to proactively respond to new types of compliance obligation violations that may occur in the future, in relation to discussions on improvement proposals at the committee level according to the evaluation of expert judges, the Compliance Committee has “classified the compliance risks of the top management and evaluated indicators and check items for them. It was decided to order an external research service for’setting’.
In addition, five affiliates, including Samsung Electronics, Samsung SDI, Samsung SDS, Samsung Electro-Mechanics, and Samsung C&T, will hold this year’s general shareholders’ meeting online. Samsung Life Insurance and Samsung Fire & Marine Insurance are scheduled to begin next year.
This is because the Compliance Committee will hold this year’s regular shareholders’ meeting online with Samsung Electronics and six affiliates as well as on-site participation in the shareholders’ meeting may be restricted due to the novel coronavirus infection (Corona 19). It is in accordance with the recommendation to introduce the electronic voting system to affiliates who have not introduced the system.
On the 26th, the Compliance Committee held a meeting with the representative directors of 7 affiliates, including Samsung Electronics, Samsung SDI, Samsung SDS, Samsung Electro-Mechanics, Samsung C&T, Samsung Life Insurance, and Samsung Fire & Marine Insurance, to discuss the roles of top management on compliance culture. I am going to do it.
Seongsu Bae, reporter Hankyung.com [email protected]