Top executives of Samsung Electronics have vowed to abide by the law ahead of the launch of an in-house anti-corruption committee, officials said Monday.
The firm’s three chief executives -- Kim Ki-nam, Kim Hyun-seok and Koh Dong-jin -- signed a compliance pledge at an event held in Samsung Digital City, Suwon. Other top executives also joined the pledge with their digital signature.
 |
Samsung Electronics’ chief executives, Kim Hyun-seok (from left), Kim Ki-nam and Koh Dong-jin, sign a pledge of compliance at an event held in Samsung Digital City in Suwon on Monday. (Samsung Electronics) |
They pledged to comply with local and foreign laws and company regulations, not to tolerate any violation of the law and to take the initiative to build a corporate compliance culture.
On the same day, Samsung Electro-Mechanics, Samsung SDS and Samsung C&T Corp. also held similar events. Samsung SDI, Samsung Life Insurance and Samsung Fire & Marine Insurance are also planning to join the commitment.
The compliance panel led by former Supreme Court Justice Kim Ji-hyung is slated to begin its work after concluding an agreement with Samsung’s seven affiliates this month and receive an official mandate through a board resolution.
The committee would look closely into bribery, fraud, risky external sponsorships and illegal internal transactions between affiliates as well as labor issues and management succession.
By Shin Ji-hye (
shinjh@heraldcorp.com)
