Samsung Compliance Monitoring Committee Plans Future Re-discussion on Labor and Union Improvement Measures

"Samsung Will Reconsider Upon Receiving Response to Compliance Oversight Committee's Recommendations"
Discussion of 30 Reports on Management's Compliance Violations

Kim Ji-hyung, Chairman of the Samsung Compliance Committee, is presiding over the '1st Meeting of the Samsung Compliance Committee' held on the 5th at Samsung Life Seocho Tower in Seocho-gu, Seoul. The Samsung Compliance Committee is an independent external organization established to eradicate illegal activities by executives and employees, including CEOs of major Samsung affiliates, and to strengthen compliance management. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Ki-min Lee] The Samsung Compliance Committee has decided to revisit specific improvement suggestions related to Samsung's overall labor and labor unions at the next meeting.

According to the Compliance Committee on the 3rd, the committee discussed the demands of the civic group Samsung Victims Joint Struggle at the 4th meeting held on the 2nd at Samsung Life Seocho Tower in Seoul.

Chairman Kim Ji-hyung and Secretary General Shim Hee-jung held a meeting with representatives of the Samsung Victims Joint Struggle on the 27th of last month. The Samsung Victims Joint Struggle is an organization consisting of Samsung dismissed workers, cancer patients responding to insurance companies, and Gwacheon evictees. At that time, the Samsung Victims Joint Struggle side requested Chairman Kim to clarify that the Compliance Committee's activities and Vice Chairman Lee's trial are separate matters and to recommend that Vice Chairman Lee step down from frontline management. They also urged the committee to issue strong recommendations regarding violations of Samsung's compliance obligations.

Earlier, around mid-last month, the Compliance Committee sent a recommendation to Samsung to "disclose specific measures related to labor, succession, and communication with civil society." However, since Samsung did not respond, the committee decided to hold a special meeting on the 21st of this month to discuss labor issues again. The Compliance Committee had requested Samsung to send a response to the recommendation by the 10th of this month.

The Compliance Committee also received reports and tips on about 30 cases from the secretariat. The committee launched its website on the 23rd of last month and began accepting reports and tips regarding violations of compliance obligations by Samsung management. Regarding these reports and tips, the committee is said to have assessed the need for investigation, separated the cases individually, and decided on solutions.

The workshop for compliance officers of Samsung's seven affiliates, scheduled to be held this month, was postponed again due to the spread of the novel coronavirus infection (COVID-19).

Two external lawyers and one accountant have also been added to the Compliance Committee secretariat, completing the staffing.

This content was produced with the assistance of AI translation services.