Early November 2011, Global Compact participant GlaxoSmithKline announced it would pay USD 3 billion to resolve federal government civil and criminal investigations into its sales practices for numerous drugs. The cases included allegations of illegal selling of Avandia, a diabetes drug linked to heart risks, as well as paying doctors and manipulating medical research to promote the drug.
GlaxoSmithKline is a Global Compact participant since 2007/08/10
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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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