UPDATE 2-Glencore to cooperate with U.S. corruption investigation [Reuters]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Reuters
Glencore to cooperate with U.S. corruption investigation | Reuters Reuters Staff 2 Min Read LONDON (Reuters) - Glencore Plc ( GLEN.L ) said on Wednesday it would cooperate with U.S. authorities after they demanded documents about the mining firm’s business in Democratic Republic of Congo, Venezuela and Nigeria as part of a corruption investigation. The company said it had set up a committee of board members, including Chairman Tony Hayward and independent non-executive directors Leonhard Fischer and Patrice Merrin, to oversee its response to the subpoena from the Department of Justice (DoJ). “The company will cooperate with the DoJ, while continuing to focus on our business and seeking to maximize the value we create for our diverse stakeholders in a responsible and transparent manner,” Hayward said. “Glencore takes ethics and compliance seriously throughout the group,” the chairman said. Switzerland-based Glencore received a subpoena from the DoJ last week requesting documents and
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