Chairperson Lee Chan-hee of the Samsung Compliance Committee said on the 21st, "Whether it is any policy or the management of corporations, in the end it must be done with the people in mind," adding, "All the more in a situation like now, we must be humble before the people."
Meeting reporters before the 4th Compliance Committee's regular meeting held at the Samsung Life Insurance Seocho Building in Seocho-gu, Seoul, that day, Lee said, "In the first half, not only labor-management issues but even stock prices changed abruptly, making it very hard to predict changes," and added, "Amid a roller-coaster-like situation, I believe both policy and the operation of corporations should be carried out with the people in mind."
He went on, "There is a Chinese classical saying, '居高思墜·持滿戒溢 (geogosachu·jimanegeil),'" adding, "When in a high position, think of falling; when filled to the brim, beware of overflow. Now is the time to be humble before the people in any decision."
Regarding reports about a push to invest in a Samsung Electronics semiconductor plant in Gwangju, he said, "If, before a company plan is finalized and submitted as a board agenda item, it falls within the Compliance Committee's review scope, the related materials are forwarded," but added, "There is nothing that has progressed so far, so it is not at a stage where the committee can mention whether it will review it."
He explained, "If it is handled as an agenda item, we will look at what triggered it and whether it went through lawful procedures within the bounds of compliance," adding, "However, we do not intervene in specific managerial judgments."
On speculation in the securities industry about Samsung Electronics listing American depositary receipts (ADR), he said, "I still do not know the details, so it is hard to say whether it is subject to review," adding, "I also do not know whether the company is actually reviewing it."
Chairperson Lee also said that a key task for the Compliance Committee in the second half is to "carry out work to concretize diverse opinions on high-profile issues such as labor-management matters."