Independent Monitor certifies Ericsson's Compliance Program
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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ericsson.com/en/investors
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Source: PR Newswire
STOCKHOLM, March 28, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that on March 28, 2024, the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) (in June of 2020 in connection with Ericsson's resolution of historical violations of the Foreign Corrupt Practices Act (FCPA) violations) has certified that Ericsson's anti-corruption compliance program has satisfied requirements and is functioning effectively. This independent certification is a condition to conclusion of the Monitorship and Plea Agreement, currently expected to occur no later than June 2, 2024.Ericsson's Chair of the Board of Directors, Jan Carlson, comments: "This certification is an important and independent verification of Ericsson's significant progress in strengthening its compliance and controls since entering into the 2019 DOJ settlement. Ericsson's continued global technology leadership and innovation, coupled with ethical decision making and effective risk management,
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