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

August 30, 2023 | BY

Brian Chan

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.

Promulgated: 2023-08-25

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MAPLEWOOD, MN/USA – JUNE 20, 2014: 3M corporate headquarters building. Credit: wolterke/Adobe Stock;

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 toReuters. The board of 3M