Samsung's Bribery Charges and Corporate Governance: A Business Report

Business
Report

Executive Summary:-
This project is based upon Samsung as being multinational
conglomerate company that is capable to discover broad range of
electronics that includes smart phones, tablets, TVs, home
appliances, etc. The current Chief Executive Officer of Samsung
electronics is Kwon Oh-hyun was appointed in October, 2017. The
project elaborates Samsung’s Bribery Charges on its key person of
Jay Lee-Yong as being de facto leader came at the end of special
prosecutor’s 90-day investigation for corruption charges. This
project further explains corporate governance on the basis of
Director’s Contracts and remuneration, wages and rewards, role of
Chairman and Committee structure. It further described the most
relevant normative and descriptive theories of business ethics. This
project additionally examines internal and external stakeholders for
their ethical and unethical practices.
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 Table of Contents
 INTRODUCTION
 PART 1
 PART 2
 PART 3
 CONCLUSION
 RECOMMENDATIONS
 REFERENCES
Table of content

Business is also termed as an enterprise, property, entity and property which consist of entrepreneurs that
have the capability to develop innovative ideas by analysing mission and vision of an organization. The
organization selected for this project is Samsung as being multinational conglomerate company that is
capable to discover broad range of electronics that includes smart phones, tablets, TVs, home appliances,
etc. The current Chief Executive Officer of Samsung electronics is Kwon Oh-hyun was appointed in
October, 2017. This project describes the corporate governance with the application of normative and
descriptive theories for focusing on legal and lawful decisions that leads to attempt and perform right
actions from good experiences. Additionally, it analyze ethical and unethical practices that affects internal
and external stakeholders of the company.
Introduction

Business is described as an occupation or trade with the procedure of manufacturing or collecting raw
materials to produce the finished goods and services that is capable to meet requirements of customers.
This activity focus on providing high level of satisfaction to their end-users by supplying qualitative
products that fulfils their needs, desire and wants. Managers of Samsung electronics also establish their
products such as smart phones, tablets, etc., to achieve the demand of their customers with latest
electronic gadgets.
PART 1

21/03/20 18:54:37
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Samsung Bribery Charges:- The Samsung electronics co
vice-president (Jay Lee) was sentenced to five years in prison
as being identified as the criminal. The crime committed from
him was bribery, embezzlement, capital flight and perjury
charges. The confirmation of Jay Lee-Yong as being de facto
leader came at the end of special prosecutor’s 90-day
investigation for corruption charges. Mr. Lee was arrested on
17th February as dramatic development in South Korea’s
struggle to end collusive relation between government and
family-conglomerate in economic sector. He was bailed
within six months from prison. Samsung is accused of giving
donations to non-profit foundations operated by Choi Soon-
sil, a friend of Ms Park, in exchange of government favours.
Lee was found guilty in August 2017 on charges including
bribery and embezzlement and received a five-year jail term.