Ethical Issues, Board Members, Vision And Mission Of Ericsson Company
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& mission of Ericsson company.
Vision and Mission of Ericsson
Corporate governance is the key element of how a company make its decision-making and distribute the
responsibilities among internal bodies in the frame of laws, audits, internal processes and rules. Also it
maps the relation between internal and external systems in the company.
Ericsson’s vision is “Networked Society” where every individual in every industry should be supported till
to reach their full potential. The motto of the company in this vision is “In a connected world, everything
is possible”.
Companies mission is being the leader in transformation…show more content…
Since it is a Swedish oriented global company, it is managed by both external and internal regulations.
External rules are dominantly include economical or cultural law-based side of the company like
NASDAQ issuer rulebook, Swedish corporate governance code, NASDAQ Stock Market rules including
New York corporate governance requirements, US Securities and Exchange Commission requirements.
Internal rules are for ensuring the integrity of legal and regulatory requirements and standards which
are serving to Ericsson’s strategy, vision and mission. Code of business ethics, code of conduct, group
policies, business process approval instructions, control and risk management documents are some of
these internal rules. Internal rules are important for ensuring that the business is performed with
integrity.
Ericsson also has rules and regulations regarding conflicts of interest. Directors are disqualified from
participating in any decision regarding agreements between themselves and Ericsson. The same applies
to agreements between Ericsson and any third-party or legal entity in which the Board member has
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