Ethical dilemma and business ethics- A case study of Merck and Co.
Ethical Operations Handbook It is critically important to patients, purchasers, health care professionals, employees and investors, and to the sustainability of our business success, that we adhere to all applicable laws and regulations, follow ethical business practices, maintain good corporate governance, and treat people with respect.
We have strong management oversight, comprehensive corporate policies, and a long history of abiding by legal and regulatory requirements and promoting high ethical standards. Every employee worldwide is responsible for adhering to business practices that are in accordance with the letter and spirit of the law and with ethical principles that reflect the highest standards of corporate and individual behavior.
The Office of Ethics is responsible for ensuring that employees are aware of and trained on the Merck ethics of Conduct and company policies. GRI The Office of Ethics serves as a channel for the receipt and investigation of ethics- and compliance-related concerns.
There are multiple avenues through which employees can contact the Office of Ethics. They can contact the office directly, at a toll-free telephone number or by email, to speak to an ethics officer or ombudsperson.
The Office of Ethics is also responsible for managing our Ombuds Program, which offers an additional safe haven for U.
Our company is committed to maintaining a process for escalation and investigation of potential compliance-related concerns. Retaliation against employees who report such concerns is a violation of corporate policy and will not be tolerated.
The Office of Ethics and the Office of Global Investigations is responsible for oversight of the global processes for managing investigations into potential ethics and compliance concerns to ensure consistent and timely resolution of potential concerns and implementation of remediation actions.
When we substantiate allegations of ethical misconduct, we take appropriate disciplinary actions in order to ensure that those who were responsible are held accountable.
Disciplinary actions can include dismissal from the company, issuance of final written warning letters, or financial penalties. In addition, we take appropriate steps to address any needed improvements in organizational and process controls.
Our company’s Office of Ethics was established over 20 years ago to protect and promote the company’s values and standards on a worldwide basis by developing and overseeing global initiatives designed to deter illegal, unethical and improper behavior related to the company’s business. Office of Ethics. How we operate is as important as what we do. We hold ourselves to high standards of ethical behavior, guided by our Office of Ethics. We also have taken steps to improve transparency about the way we operate. Ethics and transparency at Merck are cornerstones of our corporate reputation. CODE OF CONDUCT. Our values & standards are set forth in Merck's Code of Conduct. Our Values: Patients First; Respect For People; Forward-Looking Statement of Merck & Co., Inc., Kenilworth, NJ, USA.
We also maintain a policy that will give our company the discretion to recoup incentive payments made to employees in certain instances. This policy will apply when a senior leader engages in misconduct or fails to reasonably supervise an employee who engages in misconduct that results in a material policy violation relating to the research, development, manufacturing, sales or marketing of company products where the policy violation causes significant financial or reputational harm to the company.
The annual review process requires selected company employees to certify adherence to corporate policies on ethical business practices, antitrust-law compliance, and conflict-of-interest and insider trading.
These employees are also expected to regulate their outside activities to avoid any conflicts of interest, and to certify, in writing, whether actual or potential conflicts of interest exist.
Where potential conflicts are identified, the Office of Ethics will work with management to take actions to mitigate the potential conflict. In addition, all U.Since Merck’s ethics were considered exemplary within the pharmaceutical industry — one has to wonder how much lower one needs to stoop to find the business ethics under which the rest of this industry operates.
Business Ethics and the Merck & Co., Inc. Essay Sample. The purpose of my essay is to show whether the business decisions made by the management team of Merck pharmaceutical are ethical.
Ere virtue ethics of the voice of care would wholeheartedly agree that Merck made he correct decision in providing Enactment to impoverished nations no matter the cost.
They would say Merck acted unselfishly and compassionately above and beyond the call to do so. Moved Permanently. nginx.
See what employees say it's like to work at Merck. Salaries, reviews, and more - all posted by employees working at Merck/5(K). Our company’s Office of Ethics was established over 20 years ago to protect and promote the company’s values and standards on a worldwide basis by developing and overseeing global initiatives designed to deter illegal, unethical and improper behavior related to the company’s business.