Samsung is a company that doesn't base their business only in selling. They understand the importance of the environment and young generations. Samsung
is committed to following with local laws and regulations as well as applying a
strict global code of conduct to all employees. Samsung believes that ethical
management is not only a great for responding to the rapid changes in the global
business environment, but also a great opportunity for building trust with its various
stakeholders including customers, shareholders, employees, business partners
and local communities. Samsung aims to become one of the most ethical companies in
the world, Samsung continues to train its employees and operate monitoring
systems, while practicing fair and transparent corporate management.
Samsung embraces a corporate program that ensures the ethical business practices. Some of the policies such as: Audit committee, audit systems, Integrity Training, Cyber Audit Programs and the most important which is their Global code of conducts.
The Samsung Electronics Global Code of Conduct 5 principles.
Principle 1. We comply with law and ethical standards
Principle 2. We maintain a clean organizational culture
Principle 3. We respect customers, shareholders and employees
Principle 4. We care for the environment, health and safety
Principle 5. We are socially responsible corporate citizen.
Social Responsibility
Samsung takes very seriously being a part of the society as a major contributor. Samsung social program is called Citizenship. The Citizenship program is divided in many arms:
• Citizenship focus: acting as a accountable citizen involve the following: Social welfare; Cultural and arts, and Volunteer services: Samsung lunched the Social Contribution corps in 1995 where employee get involved with their communities.
Risk Management
With new technologies and the wrong doings of others, Samsung has to stay
on top of threats and disasters, externally and internally. Risk management has
become a top priority for corporations. Samsung has a company-wide
system which reviews and avoids financial and non-financial risk factors
both internally and externally through its business areas. Samsung’s Business
Continuity Plan (“BCP”) is the emergency plan developed to reduce potential
damage to the company during a massive disaster. “BCP” is used to avoid
major problems, achieving targets for recovery and maintaining the
operation of the business in case an emergency should happen. Disasters such as
a fire, explosions, and power outages are included in the emergency plan.
Samsung also make sure that their employees are aware of these plans and
implements routine training.
Cited Sources:
