Ericsson Commences the Three-Year Term of the Monitoring

Ericsson Commences the Three-Year Term of the Monitoring
Ericsson

Ericsson has entered into a three-year Deferred Prosecution Agreement (DPA) with the U.S. Department of Justice. As part of this resolution, the company agreed to engage an independent compliance monitor for three years.

The process of selecting a monitor has been completed and Andreas Pohlmann of the firm Pohlmann & Company - Compliance and Governance Advisory, has been appointed as Ericsson’s monitor. The appointment marks the start of the three-year term of the monitorship.

The monitor’s main responsibilities include reviewing Ericsson’s compliance with the terms of the settlement and evaluating the company’s progress in implementing and operating its enhanced compliance program and accompanying controls as well as providing recommendations for improvements. Ericsson agreed to deploy the system as part of a wide-ranging settlement reached with the US DoJ in December 2019 following a bribery probe.