Samsung to Change Donation Policies Amid Bribery Scandal

In the last six months, Samsung has been no stranger to scandal. Since September, it's hurriedly dealt with the fallout from its Galaxy Note 7 recall and has been thrust into an investigation over bribery claims involving some of its top executives in recent weeks. After staying mostly silent on the South Korean monetary probe, the electronics giant issued a statement outlining steps to stop it from finding itself in similar position in the future.

Samsung requires all donations over 1 billion won ($883,680) to be approved by the board of directors and for payments to be shared publicly via South Korea's financial regulator. Previously, only payments over 680 billion won ($600.9 million) needed the thumbs up from the board.

The company says those steps will "enhance the transparency of the management of such donations and funds and to strengthen the compliance"—making it more accountable by allowing transfers to be scrutinized by outside parties.