Samsung Heavy Secures Integrated International Certifications for its Compliance Management System

Source: 10/23/2023, Location: Asia

Samsung Heavy Industries(SHI) has received integrated international certifications for “Compliance Management System (ISO 37301)” and “Prevention, Detection and Response to Bribery (ISO 37001)” from Lloyd's Register Quality Assurance(LRQA). The certification award ceremony was held on Tuesday with the participation of Jung Jin-taek, CEO of SHI and Lee Il-hyung, CEO of LRQA at Samsung Heavy Industries’ Pangyo R&D Center.

The ISO 37301 and 37001, established by the International Organization for Standardization, rigorously assess a company's systematic management of compliance and anti-corruption measures. Samsung Heavy Industries' attainment of both certifications acknowledges its adherence to international standards in compliance policies, risk management systems, and anti-corruption measures across various operational areas such as sales, design, and procurement.

Samsung Heavy Industries established a compliance organization in 2011 to proactively identify and prevent potential legal risks in its business activities and created compliance control standards and regulations for adherence to anti-corruption laws.

Furthermore, since 2019, Samsung Heavy Industries has consistently improved its compliance programs through external expert organizations. The company has gone the extra mile by providing compliance training to all its employees, tailored to their positions and responsibilities.

Jung Jin-taek, the CEO of Samsung Heavy Industries, expressed his satisfaction with the achievement, stating, "This integrated certification acknowledges the international recognition of Samsung Heavy Industries' efforts and capabilities in compliance and ethical management." He added, "We will continue to enhance trust in compliance in compliance for our clients and stakeholders, solidify a global standard compliance management culture, and strengthen our commitment to ESG management."

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