Input 2021.01.19 18:01
According to the business community on the 19th, the Samsung Compliance Committee was hit by the arrest of Vice Chairman Lee, but the regular meeting scheduled for the 21st of this month and the meeting with the CEOs of 7 affiliates on the 26th decided to proceed as scheduled.
Ahead of Samsung Electronics Samsung C&T (028260)Seven affiliated companies, including those of the law enforcement agency, made improvements to the points pointed out by the expert judges as a limitation of the compliance committee at the trial for revocation of destruction and submitted them to the compliance committee on the 28th of last month. The Compliance Committee is scheduled to review and discuss these improvement measures at the regular meeting to be held on the 21st and deliver the opinions of the Compliance Committee.
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At the meeting on the 21st, a plan to strengthen the compliance monitoring of the business support TF, which serves as the control tower of Samsung Electronics, is also expected to be discussed. Some observers say that Samsung will take this opportunity to improve the overall project support TF. The project support TF is a new organization created by Samsung in early 2017 after removing the’Future Strategy Room’ (unprecedented room), which served as the group’s control tower as a symbol of group dissolution. President Jeong Hyun-ho, who was formerly the head of the human resources support team at the US front office, has been criticized for the resurrection of the’US front office’ while leading the TF.
In the business world, it is expected that Samsung will not dismantle the project support TF. This is because there is no organization to coordinate the issues of subsidiaries in the event of dismantling the project support TF, which acts as a control tower, while the total number of the group is detained. It is observed that the function can be re-established, such as strengthening the compliance committee’s monitoring of the project support TF and reducing the number of organizations currently around 40 people.
Among the current affiliates, Samsung Electronics, Samsung C&T, Samsung Life Insurance (032830)Is in charge of consulting on corporate governance, including the re-establishment of the future role of the project support TF to the global consulting firm Boston Consulting Group (BCG). The Compliance Committee plans to come up with a concrete improvement plan by referring to this.
An official from the Compliance Committee said, “Since the project support TF-related measures cannot be prepared in a short period of time, we plan to come up with improvement measures by supplementing them in the mid to long term.”
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