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How the Samsung Board Survived the Chairman Scandal
In 2008, Samsung Electronics faced a crisis of leadership when Chairman Lee Kun-hee resigned amid a tax evasion scandal. This episode examines how the board managed the transition, preserved the company's strategic direction, and rebuilt governance credibility. With $11 billion in cash and a faltering memory-chip market, the board had to balance continuity with accountability. Lucas and Luna walk through the specific decisions—from creating an independent governance committee to appointing a non-family CEO—that allowed Samsung to emerge stronger. A masterclass in board-level crisis…
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