Samsung realizes behaving ethically is good for business, says compliance boss

Samsung's compliance committee chair has told local media the massive conglomerate is now on the straight and narrow, after years spent dealing with the legal fallout of past ethical lapses. Lee Chan-hee told South Korean newswire Yonhap the chaebol's culture has changed, and potentially sensitive issues are now investigated …

[DS999]

Behaving ethically is good for business

Until we can figure out how to once again own the government and be immune to the law.

[Magani]

Re: Behaving ethically is good for business

Gee. Who would have thought that one could do the right thing, AND have it improve your business. Whatever will they think of next?

</sarcasm>

[Potemkine!]

There's a big difference between behaving ethically and just not breaking the laws.

I still have to see a megacorp behaving ethically, for instance by not firing workers when making huge profits.

[Pascal Monett]

"rejoining the group comes with a caveat"

Samsung will self-exit if the CEO goes to jail again.

(yeah, I know, won't happen - the self-exit, of course - the going to jail, who knows ?)

[YetAnotherXyzzy]

If I were Samsung's compliance boss, I'd say that too. Either that or kill myself in shame.

[Pierre 1970]

Why is "obvious"?

"Mega-corp has mastered the complexity of numerous technologies but it took several scandals to impart this obvious lesson".

If this is so obvious, why on earth the same happens again and again and again...

[Marcelo Rodrigues]

lies, damn lies, statistics and press releases.

The title says it all.

[Anonymous Coward]

"We're doing this because it's the right way to do business!"...

... says the company that was legally forced into doing this. Reminds me of companies promoting their "taking care of the neighbors" by handing out free bottled water, so the neighbors aren't drinking contaminated water - when the company was legally required to hand out the bottled water as they were the ones who contaminated the local drinking water supply!