Samsung Compliance Committee holds 'Compliance Workshop' with affiliates

Compliance Operation System Inspection and ESG Response Strategy Development

The Samsung Compliance Committee held a workshop with key Samsung affiliates, including Samsung Electronics, to review compliance monitoring and discuss ESG response strategies.

On the 26th, the Samsung Compliance Committee hosted the 'Affiliate Compliance Workshop' at the Hoam Hall of the Samsung Human Resources Development Center in Yongin, Gyeonggi Province. The event was attended by over 70 people, including committee members, secretariat staff, and compliance officers from seven Samsung affiliates such as Samsung Electronics, Samsung C&T, and Samsung Life Insurance.

This workshop, themed 'The Path to Advancing Compliance Management,' was organized to review and strengthen the Samsung compliance operating system that the committee and affiliates have collaborated on over the past three years. The purpose was to identify new ESG-related risks and issues and derive response measures. Attendees listened to expert lectures on labor-management relations, ESG, and governance, and shared key compliance activities of the affiliates.

On the 26th, the interior view of Hoam Hall at the Samsung Human Resources Development Center in Yongin-si, Gyeonggi Province, where the '2023 Samsung Compliance Monitoring Committee - Affiliate Compliance Workshop' was held / Photo by Samsung Compliance Monitoring Committee

In his opening remarks, Lee Chan-hee, Chairman of the Samsung Compliance Committee, said, "Establishing and activating compliance was the biggest goal of the second-term committee," adding, "Compliance management is now becoming an integral part of corporate culture." He also emphasized, "The relationship between legal affairs, compliance, corporations, and law requires proper coordination, like a three-legged race, to achieve results," and added, "The committee and your roles are a strong step forward for Samsung's distant future."

In the morning lectures, Professor Cho Jun-mo of Sungkyunkwan University (Economics) explained the importance of the rule of law as a foundation for labor autonomy and coexistence under the theme 'Labor-Management Relations Outlook and Reform Tasks for the Second Half of the Year.' Kim Yong-seop, Director of the Sharp Imagination Research Institute, gave a lecture titled 'ESG Management as a Business Trend,' explaining the ESG market trends. In the afternoon, Committee Member Kim Woo-jin proposed a shift in perception to resolve misunderstandings and issues regarding governance concepts under the theme 'Current Status and Challenges of Korean Corporate Governance.'

Compliance officers presented excellent compliance cases, activities related to the Serious Accidents Punishment Act, and financial compliance regulations. Compliance practitioners attending the event stated, "We will do our best to establish Samsung's compliance culture and proactively respond to ESG issues."

Currently, the committee is focusing on second-term priority tasks such as ▲human rights-first management ▲fair and transparent management ▲ESG management, reviewing the compliance status of affiliates and communicating with each company's top management and boards of directors. The Compliance Committee stated, "We will continue to lead efforts to eliminate factors hindering compliance management through constant communication and cooperation."

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