In August 2011, Global Compact participant Pfizer “voluntarily” provided the US Department of Justice and the US Securities and Exchange Commission with information concerning “potentially improper payments” made by Pfizer and Wyeth personnel in connection with certain unspecified sales activities outside the US....
Read more:
http://www.pharmalot.com/2011/08/pfizer-confesses-about-potential-overseas-bribes/
This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
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Friday, September 23, 2011
Pfizer Confesses About ‘Potential’ Overseas Bribes
Labels:
2011,
bribery,
corruption,
Pfizer,
pharma,
pharmaceutical sector,
U.S.,
USA
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