Ericsson's board rebuked by shareholders at AGM for second year in a row

Technology
Thursday, 30 Mar 2023
12:22 AM MYT

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FILE PHOTO: The Ericsson logo is seen at the Ericsson's headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg

STOCKHOLM (Reuters) - Ericsson shareholders voted against discharging the CEO and most of the board members of liability for the tech company's actions during 2022 at the group's annual general meeting on Wednesday.

Under Swedish law, if board members are not discharged of their liabilities for the previous year by shareholders owning at least 10% of the stock they can be sued by the company and its investors.

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Ericsson's board rebuked by shareholders at AGM for second year in a row