The Compliance Committee that Jae-yong Lee couldn’t find… “Lack of worries to prevent illegality by top management”

Samsung Electronics Vice Chairman Lee Jae-yong is heading to the court to attend a hearing on the remand of the case of’Gukjeong Nongdan’ held at Seoul High Court in Seocho-gu, Seoul on the afternoon of the 18th. yunhap news

Samsung Electronics Vice Chairman Lee Jae-yong was sentenced to two years and six months in prison at a repatriation trial for the destruction of the so-called “Gukjeong Nongdan”.

Accountant Hong Soon-Tak said in the CBS Radio’Kim Jong-Dae Newsup’ broadcast on the 18th, “Three expert hearing committee members reviewed two key things, such as the Compliance Committee presenting possible future cases of illegal activities, and whether it is possible to thoroughly investigate top management. I did,” he explained.

He added, “However, I think the Compliance Committee is not lacking in contemplation on what is needed to prevent illegal activities by the top management and major shareholders.” Accountant Hong was a professional hearing member of the Compliance Committee of Special Prosecutor Park Young-soo.

According to accountant Hong, professional hearing committee members attended the trial on December 7 last year and conveyed the agreement to the court on the two points mentioned. After that, the judge asked Lee Vice-Chairman’s lawyer to find out and submit it because there was nothing expected of illegal activity.

Accountant Hong said, “In January, before the sentencing date, Samsung’s lawyers gave such an opinion, and there were such processes, such as saying that the court would not accept it,” he said. “At least I expected that the compliance system would not be used as a commuting factor in the sentence.” said.

In addition, accountant Hong pointed out that Samsung’s Compliance Committee lacks monitoring across all Samsung affiliates.

“Samsung Biologics and Samsung Securities were missing from the companies affiliated with the Compliance Committee,” he said. “If you think about it in common sense, it means that the Compliance Committee will manage only a few companies well, but if you ask why it is missing, there is no worry.”

In addition, he added, “It does not have the authority of the Compliance Committee,” he added. “It is said that it has the authority to request but has not requested or reviewed it.”

The previous day, the court also raised questions about the effectiveness of the compliance system. The judge said, “It is difficult to say that the new Samsung compliance system has met the criteria for its effectiveness,” and said, “We have come to the conclusion that it is not appropriate to consider it as a condition of sentencing in this case.”

Eunyoung Kang reporter

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