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Zero tolerance for improper conduct: Cognizant Technology CEO to staff

282,000 associates of the company have a shared responsibility to build and protect the company's reputation

BS Reporter 

Cognizant
Representative image

Francisco D'Souza, vice chairman and chief executive officer of Technology Solutions Corporation, has told the employees that the settlement with the US regulators on the violation of Foreign Corrupt Practices Act (FCPA) is a positive outcome and the firm has zero tolerance for any illegal and improper conduct.

In a letter to the employees soon after the company agreed to pay $25 million to settle charges that it violated the FCPA, he said that the matter does not involve its work with the clients and has not had any impact on the company's ability to provide the quality services its clients expect.

ALSO READ: Explained: Cognizant bribed govt officials in India, to pay $25-mn penalty

"Taken in context, today's resolution is a positive outcome for our company. With today's announcements, we've taken a major step forward in putting this behind us. We have learned from it and we must now move forward," he said on the day of the announcement.


ALSO READ: US fines Cognizant $25 mn, charges two ex-executives in India bribery case

The cases against the former executives as the result of government's own investigation, are a matter between the government and those individuals and the charges against them will be addressed by the court system.

The 282,000 associates of the company have a shared responsibility to build and protect the company's reputation.

First Published: Mon, February 18 2019. 22:16 IST
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