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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Wednesday, September 24, 2014
China fines GlaxoSmithKline nearly $500 million for bribery
Drug giant GlaxoSmithKline has apologized to China for bribing health care workers and will pay a fine of nearly half a billion U.S. dollars. More on http://money.cnn.com/. GlaxoSmithKline (GSK:LN), (GSK:London) is a Global Compact participant since 2007/08/10. In 2014, GlaxoSmithKline was a USD 15,000 contributor to the Foundation for the Global Compact.
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