In the News: 3M Settles Bribery Charges in China Subsidiary; China Recognizes Data as Assets; and China Increases Controlling Shareholder Responsibility

3M pays fine to settle bribery charges on its China subsidiary; China recognizes data as an asset in financial statements; and China revises company law to increase controlling shareholder responsibility in companies.

6 minute readAugust 30, 2023 at 04:13 AM

Brian Chan

In the News: 3M Settles Bribery Charges in China Subsidiary; China Recognizes Data as Assets; and China Increases Controlling Shareholder Responsibility

3M Settles Bribery Charges in China Subsidiary With Huge Penalty

American conglomerate 3M has settled U.S. anti-bribery law charges in its China subsidiary, according to Reuters

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