Google spends $500 million to amend internal policies

Văn Thắng |

After being sued by shareholders for letting the company sink deeper into legal risks, Google has committed to spending $500 million over the next 10 years to comprehensively reform its internal policy framework.

Recently, under an agreement filed in San Francisco before the Federal Court, Alphabet - Google's parent company has committed to rebuilding the scoring mechanism from the ground up. An independent committee will be established, specializing in supervising legal issues and business risks, separate from the current auditing committee.

In addition, a team of senior leaders will be in charge of all legal issues, reporting directly to Mr. Sundar Pichai - CEO of Google. Below is an internal network of product team leaders and legal experts, playing the role of on-site inspectors to promptly detect violations and vulnerabilities.

The plaintiff said that the leaders of Alphabet Group have failed to build a strong enough internal rules to protect the company from exclusive investigations. Google did not admit to the violation, and chose action to avoid getting involved in the lawsuit.

Do hoa: Van Thang
Alphabet - Google's parent company will invest in rebuilding the monitoring mechanism from the root. Graphic photo: Van Thang

Accordingly, the agreement requires the new rules to be maintained for at least 4 years. Shareholders are not eligible for compensation, however, the group of lawyers is proposing that the court approve legal fees of up to 80 million USD.

Meanwhile, Google is still facing pressure from the US Department of Justice. A Washington court is considering a request to force the company to sell the Chrome browser and share search data to reduce monopoly.

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