Our policies help us to:
- Develop a common understanding of ethical issues
- Translate our ethics to corporate conduct
- Navigate in our dialogue with key stakeholders
The Board of Directors and Executive Management are responsible for Lundbeck’s vision and principles, and for ensuring that Lundbeck pursues its business goals in an ethically responsible manner. Lundbeck employees shall observe and follow corporate ethical standards.
Local ownership and corporate coordination
At Lundbeck, topics related to ethics and corporate responsibility are integrated into the relevant business areas. For this purpose, Executive Management has established the Corporate Responsibility Programme. The Programme shall monitor trends, analyse impacts, define and coordinate the required actions across the Lundbeck Group. The Legal Quality Review Committee, chaired by the CEO, will review liability and compliance to regulation, business norms and corporate standards.
Safe and efficient channels for expressing ethical concerns
Lundbeck has established a whistleblower procedure to give employees the opportunity to report perceived misconduct without fear of retaliation. Reports are handled personally by the Chairman of the Audit Committee, a subcommittee to the Board of Directors. Lundbeck has established an Ombudsman to handle grievances from employees who feel that they are not treated in accordance with Lundbeck’s values and policies. The Ombudsman mediates in such conflicts, prepares statements based on Lundbeck´s values, and trains high-level managers on grievance handling at Lundbeck. The Ombudsman reports directly to the CEO.