Ericsson announces conclusion of Monitorship

  • Ericsson's Monitorship and Plea Agreement concluded on June 2
  • Follows upon certification of Ericsson’s anti-corruption compliance program by independent Monitor in March 2024
  • Continuing to cooperate fully with DOJ and SEC investigations on historical conduct

Ericsson (NASDAQ: ERIC) today announces the conclusion of the work and term of the independent compliance Monitor appointed by the U.S Department of Justice (DOJ) in June of 2020 in connection with Ericsson’s 2019 Deferred Prosecution Agreement (DPA) to resolve historical violations of the Foreign Corrupt Practices Act (FCPA). The March 2023 Plea Agreement with the DOJ that followed non-criminal breaches of the DPA has also expired as of June 2.

The role of the independent compliance Monitor over the past four years has been to comprehensively review, assess, evaluate and test all aspects of the 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.

Börje Ekholm, President and CEO of Ericsson, says: “This is an important milestone in our journey to improve our organization. Over the past four years we have implemented important compliance requirements and processes. Our commitment to integrity is rock solid and we have no tolerance for corruption, fraud or other misconduct.”

This content extract was originally sourced from an external website (Ericsson) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.