By: Taylor Stout
DJI, the world’s bestselling drone-maker, published an open letter stating they will take “painful” steps to tackle corruption within its company.
The Chinese firm had previously revealed that some employees had inflated the cost of some of the components and materials it used, for personal gain. DJI blamed “inefficient and ineffective management processes” in part.
Founded thirteen years ago, DJI has become one of China’s leading tech innovators. It accounts for 74% of the drone aircraft market. However, DJI is a private company, and private companies do not declare its earnings, but the Nikkei Asian Review estimated that its net income last year was 6bn yuan ($893m; £682m). The firm declared earlier this month that fraud by suspected 45 members of the staff had cost up to 1bn yuan. This sum is seen to be very significant if not calamitous for the business. DJI dismissed 29 of the works and reported the other sixteen to the police.
“DJI will now take a leading role in developing clear policies, procedures and expectations to address corner-cutting and employee theft,” DJI said. DJI focused more on corporate growth than new internal controls.
Read more about it at https://www.bbc.com/news/technology-47055255