Ericsson recognized by Thailand’s Commerce Ministry for its Compliance Program

  • Ericsson is among 26 organizations receiving an honorable certificate from Ministry of Commerce (MOC)
  • The recognition demonstrates the company’s commitment to doing business with integrity and transparency as a responsible corporate citizen.

Ericsson (NASDAQ: ERIC) has been recognized and certified by Thailand’s Commerce Ministry (MOC) for its Internal Compliance Program (ICP) – the best practice governing ways of working with trade related issues, to be used in the control of goods when crossing a country border, to ensure a consistent and documented handling of the operations.

Ericsson is among 26 organizations recognized for their Internal Compliance Program, receiving an honorable certificate from MOC.

“It is nice to be recognized by the Thai government for the emphasis Ericsson puts on responsible business practices. We are committed to doing business with integrity and transparency and being a responsible corporate citizen.” states Igor Maurell, Head of Ericsson Thailand

Under the DFT Notification issued in September 2021, the Internal Compliance Program consists of the following systems: (1.) System regarding responsibility and delegation of management duty, (2.) System regarding usage and end-user verification, (3.) System regarding internal training, (4.) System regarding information and document management, (5.) System regarding system check and improvement, and (6.) System regarding reporting. Ericsson has been named in the list and certified by MOC since the company meets all of DFT’s six criteria for a complete Internal Compliance Program.

Ericsson has been in Thailand for 116 years, supporting the country through multiple generations of mobility, 2G, 3G, 4G and now 5G, playing a key role in every facet of telecommunications in the country.

(Photo) Mr.Pitak Udomwichaiwat, director-general of the Foreign Trade Department gave a certificate of internal compliance programmes (ICP) to Dr.Jesada  Sivaraks, Ericsson’s Head of Government and Industry Relations

ABOUT ERICSSON:

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans the business areas Networks, Cloud Software and Services, Enterprise Wireless Solutions, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

Source: FAQ