Samsung delivers measures requested by committee

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Samsung delivers measures requested by committee

Samsung Group on Thursday released a set of measures backing Lee Jae-yong’s compliance pledge made last month.
 
Seven Samsung affiliates, including Samsung Electronics, submitted their action plans to the group's independent compliance committee for improving law-abiding culture.
 
The latest action comes after Samsung Electronics Vice Chairman Lee Jae-yong last month made a public apology over controversies and vowed to scrap the group's "no labor union" policy following the committee's advice.
 
At the time, the committee deemed Lee's apology as "meaningful" but asked him to come up with more detailed plans to back up his promises.
 
Samsung said it will form a panel of outside experts who can advise on its labor-management relations, and also designate a communications officer so that it can regain trust from the public.
 
To create a system that does not allow the breach of compliance, Samsung said it will ask outside consulting firms to look into the issue.  
 
The compliance committee, led by former Supreme Court Justice Kim Ji-hyung, was formed in February to monitor whether Samsung's corporate actions comply with laws and ethics.
 
The latest compliance measures were announced just hours after local prosecutors sought an arrest warrant for Lee as part of an investigation into a controversial merger between two group units in 2015.
 
 
Yonhap

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