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Srb Report Lg

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1) How does relevant government legislation (either in the country where the company HQ is and/or in the country/countries where the production factories are situated) affect the company?

LG operates in more than 120 countries, where it all complies with the laws and regulations of these countries and honors its tax obligations. LG Electronics complies with international standards as well as labor laws and regulations.
The relevant government legislations affecting LG are as followed: * Universal Declaration of Human Rights by the United Nations * ILO Tripartite Declaration of Principles Concerning Multinational Enterprises and Social Policy * OECD Guidelines for Multinational Enterprises * United Nations Global Compact * the EICC Code of Conduct * Global Labor Policy (has been amended as of March 18, 2013)

2) Does the company have a good record of upholding the law? Does it have any violations or fines?
Overall the company has a good record of upholding the law. But there are some law suits that have been filed against LG.
In 2011 LG was sued by a lighting company called Osram for patent violations. These complaints were filed in Germany, United States and China. In these complaints Osram stressed that Samsung and LG group infringe its patents on white and surface mountable LEDs in the U.S., Germany and china (France-Presse, 2011). Osram seeks a court order "to prevent Samsung and LG from importing and selling infringing LEDs and products containing these LEDs," the statement said.
Between LG and Samsung there have been many feuds about display patents as well. After many years of this feud they decided to drop all lawsuits against each other and find a settlement negotiation which failed In 2013. In 2012 LG was charged due to SDC claiming that six LG officials stole OLED secrets. Five of these six employees were acquitted…...

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