Ethics, Social Responsibility and Risk Management

Ethics

Samsung Electronics integrity and ethic behavior is to focus on employee trainings and respect of the Code of conducts all over the world, promoting a fair market and legal practices in order to avoid any type of discrimination, and or any type of child labor. According to the Samsung Integrity Highlights reports for 2009 the number of employees who received ethics training in 2009: 8,347(Classroom Training); number of reports on irregularities in 2009: 417; Excellence (A)” rating for supplier compliance program Ranked second in overall patent registration in the U.S.(3,611 patents).

Samsung embraces a corporate program that ensures the ethical business practices. Some of the policies are as follows: Audit committee, audit systems, Integrity Trainings, Cyber Audit Programs and the most important which is their Global code of conducts.
The Samsung Electronics Global Code of Conduct is described in 5 simple 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.
For more in detail information on the Samsung Electronics Global code of conducts principles please visit:


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 welfares; Cultural and arts, and Volunteer services: Samsung lunched the Social Contribution corps in 1995 where employee get involved with their communities.

• Companions for a better life: connecting people with their pets. The program includes the following: employee dog adoption center; guide dog school; working dog breeding center; and detector dog and rescue dog operations. For more information please visit: Samsung Canine Center for companionship: http://mydog.samsung.com/
Samsung Equestrian Team & Samsung's Riding for the disabled (RD) program: http://horse.samsung.com/eng/index.do
Samsung Super League with FEI™: http://www.samsungsuperleague.com

• US activities: a programs that incentives communities to be more conscientious about the planet, other people, and life. The programs engage the following initiatives: environmental, community and government.



Risk Management

With the surge of 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 in place a company-wide system which routinely 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 utilized to avoid major catastrophes, achieving targets for recovery and maintaining the operation of the business in case an emergency should occur. Disasters such as a fire, explosions, and power outages are included in the emergency plan. Samsung also ensures that their employees are aware of these plans and implements routine training.