Google to Spend 500 Million UsD Fix Fix Fixing Compliance after Shareholder Pressure Details Inside

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Alphabet Inc., ie Google’s parent company has made a big announcement. The company will spend $ 500 million (about Rs 4,277 crore) in the coming 10 years to fully revamp its compliance system. The step has been taken by the company as a settlement of a shareholder derivative case, alleging that Google was accused of ignoring anti-trust rules through its top executives.Reuters’ Report According to, the lawsuit was filed by Michigan’s pension funds and there was no demand for any financial compensation, only demanded a change in the company’s governance system. Now the company has chosen the way to resolve it in court instead of a long fight. This settlement is yet to be approved by American Judge Rita Lynn.

Google Under this decision, many internal structural changes are going to be changed. The report states that first of all, the company will form a special board committee that will only focus on compliance and risk, it will be completely different from finance or audit. Apart from this, a senior vice presidential level team will be formed, which will report directly to CEO Sundar Pichai and handle the regulatory issues. Also, a special team of product managers and internal experts will be formed which will operate products according to regulatory standard.

Alphabet may not have accepted any kind of disturbance in this case, but in view of the ongoing investigation and trials of Doj (US Justice DepT), this step is being considered as part of damage control by the company. The report further states that according to the reports of the Justice Department, if Google is found guilty, he can be asked to separate even the Chrome browser, as well as the company may face penalty like sharing search data.

This entire change is not just a legal response for Google, but also a sign of a large strategic shift, where the company is now focusing on compliance and transparency as seriously as it does on its AI or product innovation.