Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Ericsson says US anti-corruption compliance monitoring has completed.

image credit: ericsson image credit: ericsson
image credit: ericsson image credit: ericsson

Listen to the article now

Sweden’s Ericsson announced on Monday that a four-year program to check the company’s compliance with a US anti-corruption accord had finished on June 2.
The appointment of an independent monitor in 2020 came after the corporation reached a settlement with the US Department of Justice (DOJ) the previous year to resolve an investigation into alleged corruption in China, Vietnam, and Djibouti.
The monitor had evaluated the Swedish company’s global anti-corruption compliance program and internal controls.

“On March 28, 2024, the monitor certified to DOJ that Ericsson’s anti-corruption compliance program has satisfied requirements and is functioning effectively,” the company stated in a statement.
In accordance with the 2019 settlement, Ericsson agreed to pay a criminal penalty and work with an independent compliance monitor for three years, which was later extended by one year.
“This is a significant milestone in our efforts to enhance our organisation. CEO Borje Ekholm stated, “We have implemented important compliance requirements and processes over the last four years.”

By 0723 GMT, Ericsson’s share price had risen 1.9%, exceeding the 0.9% advance in Stockholm’s benchmark stock index.

 


Comment Template

You May Also Like

Business

Amazon CEO Andy Jassy emailed employees revised return-to-work guidelines in February 2023. Starting on May 1, 2023, most Amazon employees were required to work...

Technology

Elon Musk, who has warned of a global depopulation problem, had another child with a Neuralink executive. Neuralink director Shivon Zilis had the child...

Business

  Elon Musk helps me understand which laws in America are complex (contract law, possibly copyright law) and which are conventions. If you’re rich...

Technology

LG Electronics of South Korea has teamed up with ChargePoint to deploy more electric vehicle charging stations in the United States, the firms announced...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok