At Ericsson’s 2022 Annual General Meeting,
it was recorded that shareholders representing at least one tenth of all of the
shares in the Company voted against discharge from liability of the Board of
Directors and the President for the financial year 2021 while also electing
Board members in accordance with the Nomination Committee’s proposals, which
including re-election of all prior Board members.
Speaking after the general meeting,
Ericsson’s Chief Executive Officer, Börje Ekholm said: “I understand the
concerns raised by our shareholders and these are important matters. I want to
state my commitment to continuing to lead Ericsson in the transformation of our
company and its culture, executing on global 5G technology leadership, and
strengthening our ethics and compliance performance to ensure lasting change.”
Ronnie Leten, Chair of Ericsson’s Board of
Directors added: “Börje and the Executive Team have the full support of the
Board. We have made good progress but there is much still to do. Conducting business
responsibly and with integrity is essential to driving real and positive
change. During five years at the helm, Börje has led the focus on ethics and
compliance and executed the performance turnaround of Ericsson. He has made the
company a leader in 5G globally and established a course for growing in
wireless enterprise.”
“Ericsson’s Board is committed in its
support for the continued transformation journey both in the business, and
ethics and compliance performance.”