Benchmarking Alert: right here is the entire anti-corruption coverage of Novartis



Novartis up to date its anti-corruption coverage 4 months after the Swiss pharmacy paid $ 346.7 million to resolve FCPA violations in Greece, Vietnam and South Korea. Listed here are some attention-grabbing particulars from the most recent model.

1. No freebies, even culturally acceptable unbranded ones.

Items of any variety, together with private presents, cultural thanks or promotional aids, and so on., whether or not branded or unbranded, shouldn’t be supplied to healthcare professionals (HCP) or members of their household.

2. Use the “first web page” check to keep away from embarrassment.

Earlier than providing a present or providing hospitality or leisure to anybody, contemplate whether or not the repute of Novartis, your self or the recipient is prone to be broken if information of the reward, hospitality or leisure seem on the entrance web page of a newspaper. If this is able to embarrass Novartis or the recipient, don’t proceed.

3. No facilitation funds, even when they’re authorized.

Novartis prohibits facilitation funds whether or not or not native legislation permits facilitation funds.

This coverage is much like that of Apple. Then again, Tesla may approve some facilitation funds.

4. Public vs personal? Not that totally different.

Novartis doesn’t distinguish between public officers and staff of personal sector organizations with respect to corruption; nonetheless, it is very important acknowledge that public officers are sometimes topic to guidelines and restrictions that don’t apply to those that function within the personal sector.

5. In some locations, each well being skilled is a public official.

In some international locations, medical doctors, pharmacists, scientific trial investigators and nurses are public servants, whether or not or not they work in a authorities establishment.

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See extra anti-corruption coverage benchmarks right here.

Right here is the total six-page anti-corruption coverage:

novartis-anti-corruption-policy

Click on right here to obtain the Novartis Anti-Corruption Coverage.



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