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Samsung unveils measures backing heir's compliance pledge

All News 16:57 June 04, 2020

SEOUL, June 4 (Yonhap) -- Samsung Group on Thursday unveiled a set of measures backing the group heir's compliance pledge made last month.

Seven Samsung affiliates, including Samsung Electronics Co., 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, the de facto leader of the conglomerate, last month made a rare public apology over controversies surrounding his succession and vowed to scrap the group's "no labor union" policy following the committee's advice.

At the time, the committee evaluated Lee's apology as "meaningful" but asked him to come up with more detailed plans to back up his promises.

Samsung Electronics Vice Chairman Lee Jae-yong bows before his press conference in Seoul on May 6, 2020. (Yonhap)

Samsung said it will form a panel comprising outside experts who can advise on its labor-management relationship, 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 launched in February to monitor whether Samsung's corporate actions comply with laws and ethics.

Samsung' 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.


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