Samsung to review corporate structureSEOUL, South Korea -- Samsung Electronics said Tuesday it will increase shareholder returns and review its corporate structure as investors step up pressure to reform the South Korean tech giant's governance structure following the Galaxy Note 7 fiasco. Samsung also promised to strengthen corporate governance procedures in its board. For at least six months, Samsung's external advisers will review options of restructuring its corporate structure, including creating a holding company structure. The announcement comes after Elliott Management Corp. asked Samsung last month to improve Samsung's corporate governance and to simplify its complicated ownership structure. Samsung is trying to court shareholders and improve its corporate structure as it battles technical and legal challenges.

Source: The China Post November 29, 2016 16:28 UTC