As a Swedish public limited-liability company with securities quoted on NASDAQ OMX Stockholm as well as on NASDAQ, Ericsson is subject to a variety of rules that affect its governance. Major external regulations include:
- The Swedish Companies Act.
- Listing requirements of NASDAQ OMX Stockholm.
- NASDAQ Stock Market Rules – including applicable NASDAQ corporate governance requirements, subject to certain exemptions principally reflecting mandatory Swedish legal requirements, as explained in “NASDAQ Corporate Governance Exemptions”.
- Applicable requirements of the US Securities and Exchange Commission including the Sarbanes-Oxley Act.
In addition, to ensure compliance with legal and regulatory requirements and the high ethical standards that we set for ourselves, Ericsson has internal rules that include:
- Work procedure of the Board of Directors.
- Code of Business Ethics.
- Group Steering Documents including Group policies and directives, instructions and business processes for approval, control and risk management.
- Code of Conduct whose provisions shall be applied in the production, supply and support of Ericsson products and services worldwide.
High standards in business ethics
Our Code of Business Ethics sets out how we work to achieve and maintain our high standards. It summarizes the Group’s fundamental policies and directives governing our relationships with each other and with our stakeholders. This document has been translated into more than 20 languages to ensure that everyone who works for Ericsson understands our policies and directives and the importance of conducting all business activities in an ethical manner. All employees must regularly review the Code of Business Ethics and, by signing a form as part of the recruitment and at regular intervals, acknowledge that they have understood its principles. Through this meticulous process, we strive to ensure that our high ethical standards are upheld by all employees in their daily work, and that employees make it their individual responsibility to ensure that business is conducted in accordance with the rules and guidelines set forth in this document. Our Code of Business Ethics satisfies the applicable requirements of the Sarbanes-Oxley Act of 2002 and NASDAQ.
Compliance with the Swedish Code of Corporate Governance
The Code has been applied by Ericsson since July 2005. We are committed to complying with best-practice corporate governance provisions on a global level wherever possible. This includes continued compliance with the corporate governance provisions expressed by the Code without deviations.
The Code of Business Ethics has been translated into more than 20 languages.
The Code of Business Ethics can be found at:
www.ericsson.com/ericsson/corporate_responsibility/employees/code_businessethics.shtml
Information on our website does not form part of this document.
Code of business ethics
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