Ethics and Compliance

Given the complex legal and regulatory landscape of the life science, pharmaceutical, medical device, and healthcare sectors, there is a real need to cultivate a culture of compliance, which is supporting having and demonstrating that robust processes are in place to ensure compliance with codes and regulations.

It is important that businesses have an appropriate compliance program in place to ensure personnel are sufficiently trained, stakeholders understand and believe that a culture of compliance will simplify their roles, and materials are appropriately used and approved. Interactions with third parties, transfers of value, and anti-corruption measures are aligned with Industry standards.

Building Strong Foundations: A Closer Look at Ethics and Compliance Frameworks

Life Science Law can support you in devising and implementing a proportionate compliance program which also drives business productivity.

Life Science Law can support you in devising and implementing a proportionate compliance management system which will drive business productivity.

Prevent

Guidelines, Policies and Training is needed to ensure a streamlined approach.

Code of Conduct

Sets the tone which flows through the company

Policies

Clear guidelines to provide the organization with confidence in what they are doing

Training

Regular training on internal processes aligned with role

Third Party Due Diligence

Ensuring the ethos of external partners is known

Communication

Regular channels of communication which reinforces the ethos

Detect

Monitor, measure, analyse, evaluate. Controls must be in place to manage identified risks and associated compliance processes.

Risk Assessment

To identify areas of risk and evaluate gaps and improvements

Monitor

Continual monitoring to ensure adherence to process

Audit

Independent audits are an effective tool to uncover gaps

Investigate

A consistent, objective and documented investigation process

Whistleblower

A channel is needed where concerns can be anonymously reported

Respond

A fair and consistent process is required to address gaps proportionately.

Case Management

A documented streamlined process to ensure fairness

Objective Actions

Outcomes are uniform and fair

Training

To close an identified knowledge gap

Risk Mitigation

Putting plans in place to mitigate identified risks

Improvements

Implementing strategies to close identified gaps

A culture of compliance is a journey not a destination

A culture of compliance can only be built with ownership of compliance being viewed as every-one’s responsibility, from the top down. It will involve putting strategies and measures in place that seek to embed compliance within every area of the organisation, and so it starts with the tone at the top, which must be cascaded down. Compliance is not the responsibility of the Compliance Team alone.

A Wealth of Experience Ensuring Ethics and Compliance

We have a strong team of anti-corruption and industry compliance experts who have worked in-house, and successfully developed a culture of compliance. We have a great wealth of experience in developing and maintaining robust internal compliance programs.