Lee Jae-yong Meets Samsung Compliance Committee... "Will Definitely Keep Public Promises"

One-Hour Meeting Before the Regular Compliance Oversight Committee Meeting

Samsung Electronics Vice Chairman Lee Jae-yong is making a public apology on the 6th at the Seocho-dong headquarters regarding the succession of management rights, non-union management, and communication with civil society. Photo by Moon Ho-nam munonam@

[Asia Economy Reporter Ki-min Lee] Samsung Electronics Vice Chairman Lee Jae-yong met with the Samsung Compliance Committee members on the 8th and pledged, "I will definitely keep the promises made to the public during the national apology."

The Samsung Compliance Committee (Chairman Kim Ji-hyung) announced that before holding their regular meeting in the afternoon at the Samsung Life Seocho Tower in Seocho-gu, Seoul, they had a one-hour meeting with Vice Chairman Lee.

Although the committee kept the specific details of the meeting confidential, they stated, "At the committee's request, we had about a one-hour meeting with Vice Chairman Lee," and added, "Vice Chairman Lee said he would definitely keep the promises made to the public during the previous national apology." The committee further noted, "Vice Chairman Lee also agreed to hold frequent communication sessions in the future."

In his national apology in May, Vice Chairman Lee promised to ▲resolve controversies over management succession ▲foster talent and enhance company value ▲abolish no-union management and guarantee the three labor rights ▲strengthen communication with civil society ▲and ensure the activities of the Compliance Committee.

For the regular meeting of the Compliance Committee held that day, the chairman and members wore masks to prevent the spread of the novel coronavirus infection (COVID-19), and transparent partitions were installed between seats inside the meeting room. In particular, reports and meetings with affiliates were conducted via non-face-to-face video conferencing rather than in-person reporting.

The Compliance Committee received reports on the implementation plans and progress regarding the improvement measures for Samsung’s three major agendas?management succession, labor, and communication with civil society?recommended to seven affiliates including Samsung Electronics.

Earlier, in March, the Compliance Committee demanded the formulation of improvement measures for the three major agendas, and Samsung affiliates submitted implementation plans in June, including the establishment of a labor-management advisory group under the board of directors, mandatory compliance training related to labor, the creation of communication channels with civil society, and the review of a sustainable management system as a mid- to long-term task.

Additionally, the Compliance Committee reviewed and approved internal transaction agendas of affiliates and discussed the review and handling plans for received reports and tips.

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