What legislation does glaxosmithkline follow?
For example, we follow the UK Bribery Act (2010) and the US Foreign Corrupt Practices Act (1977) throughout all our businesses globally, as well as individual countries’ anti-corruption and competition laws, wherever we operate.
What is the purpose of a compliance program?
Compliance programs outline a set of guidelines and best practices that ensure a company’s employees are following all relevant laws and regulations. Compliance programs help corporations protect their brand from scandal and lawsuits.
What is a comprehensive compliance program?
A comprehensive compliance program provides established procedures for promptly and efficiently responding to problems that may arise. Compliance programs provide a more accurate view directly to employees and third party agents regarding behavior associated with fraud, waste and abuse.
Is GSK an ethical company?
Ethical conduct is a priority for GSK and we are committed to performance with integrity. We have robust policies and compliance processes covering all our operations, including the way we reward our sales representatives, how we market our medicines and vaccines, and how we work with stakeholders.
What are the main hazards at GSK?
A range of chemicals are used in the manufacturing process, including corrosive acids and alkalis, toxic, poisonous and highly flammable substances and asphyxiants. Exposure to chemicals and manual handling are the two biggest risks to the health and safety of GSK and contractor employees.
What are the 7 elements of compliance?
Seven Elements of an Effective Compliance Program
- Implementing Policies, Procedures, and Standards of Conduct.
- Designating a Compliance Officer and Compliance Committee.
- Training and Education.
- Effective Communication.
- Monitoring and Auditing.
- Disciplinary Guidelines.
- Detecting Offenses and Corrective Action.
What five 5 factors must a compliance plan include?
5 Essential Elements of Corporate Compliance
- With increasing regulation, the need for effective compliance has never been greater.
- Leadership.
- Risk Assessment.
- Policies and Procedures.
- Training and Communication.
- Oversight and Reporting.
What are the 7 elements of a compliance program?
Seven Elements of an Effective Compliance Program
- Implementing written policies and procedures.
- Designating a compliance officer and compliance committee.
- Conducting effective training and education.
- Developing effective lines of communication.
- Conducting internal monitoring and auditing.
Can a business be too small to have a corporate compliance program?
No, your business is never too small to have a corporate compliance program. The key is to tailor your program to the size and type of business you run. Even if you are a business of one, a corporate compliance program will enable the proper documentation of essential business processes such as accounting processes.