FTSE 100-listed aerospace and defence giant Rolls-Royce has announced that Lord Gold will lead a review of its compliance procedures.
The announcement follows a previous statement issued by Rolls-Royce in December disclosing that it had provided information to the Serious Fraud Office relating to concerns about bribery and corruption involving intermediaries in overseas markets.
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At that time, John Rishton, Chief Executive of rolls-Royce, stated: "Neither I nor the board will tolerate improper business conduct of any sort and will take all necessary action to ensure compliance. This is a company with exceptional prospects and I will not accept any behaviour that undermines its future success".
Rolls-Royce's share price was down 0.22% to 894p at 08:56 on Thursday morning.
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