Despite the size, Samsung has always been a family business . Since 1938, the year of its foundation, the Korean electronics giant has always been an affair of the Lee family, which today, in the aftermath of presentation to investors of a new roadmap could play a role even more central in the organization.
The details have not yet been revealed, but it seems that Samsung is considering the creation of a holding company a structure that according to analysts could give even more power to the Vice President Lee Jae-yong (son of President Lee Kun-hee) and sisters Lee Boo-jin and Lee Seo-hyun. According to preliminary information provided by Samsung itself, the process could take at least six months, benefits from the advice of experienced consultants and not merely a family strengthening Lee in the control room.
Samsung would indeed broaden the Board of Directors to professionals with international experience and hopes to appoint a new member by next March.
Meanwhile, shareholders can rest easy: the same press release Samsung said that 50% of the 2016 and 2017 liquidity will be redistributed to the investors with an increase dividends by 30% for the ‘ current year.