Solution
LS Law collaborated closely with the Global Compliance Officer to provide a tailored compliance function across the region. This was achieved by deploying industry-experienced compliance consultants in each country. These local consultants were able to start quickly and effectively, ensuring that compliance measures were in place within weeks.
Key Actions:
- Deployment of Local Compliance Consultants: Industry-experienced professionals were stationed in the UK, France, Italy, and Spain.
- Rapid Implementation: The compliance function was established swiftly to align with the expanded sales force activities.
- Ongoing Support: Continuous support and oversight were provided to ensure sustained compliance with pharmaceutical industry regulations, and anti-corruption legislation.
Results
The implementation of a compliance function across the region successfully supported our client’s expanded sales force. This initiative ensured that compliance risks were identified and mitigated, maintaining corporate governance and healthcare compliance standards.
Quantified Benefits:
- An established out-sourced compliance function with industry knowledge able to hit the ground running within a matter of weeks.
- Enhanced Compliance: Robust compliance presence across key regions.
- Operational Efficiency: Swift deployment allowed the sales force to focus on their activities with minimal disruption.
- Risk Mitigation: Significant reduction in compliance risks through expert oversight.
The Future
We continue to provide and ensure ongoing compliance functions across Europe as they further expand their operations. The relationship focuses on proactive risk management and continuous improvement of compliance strategies to adapt to evolving regulatory landscapes.
How did we make the client feel?
We gave the Chief Compliance Officer the ability to sleep at night, knowing there was a compliance presence from industry experts in each of the regions ensuring compliance risks were known and mitigated.