Ericsson is facing a possible shareholder revolt at its annual general meeting (AGM) this week amid discontent surrounding the way the company has handled an investigation into alleged payments to ISIS terrorists in Iraq. Activist investor Cevian Capital and Norway’s sovereign wealth fund are among those who will vote against a motion that would limit Ericsson board members’ responsibility over the incident, which came to light last month. In 2016, the Swedish telecoms equipment manufacturer settled a US Department of Justice (DoJ) probe into alleged payments in five other countries but failed to disclose another investigation into similar activity in Iraq.
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