Lundbeck’s ethical standards are defined by Executive Management with support from a dedicated Compliance Committee representing key business functions. The committee annually evaluates our ethical performance and initiates needed improvements. Our Chief Compliance Officer provides regular updates on ethics and compliance matters to the Board of Directors’ Audit Committee.
Our Code of Conduct is the backbone of our ethics and compliance culture. It conveys our commitments and expectations to our employees for areas critical to the pharmaceutical industry. All employees and third parties working on Lundbeck’s behalf are obliged to observe the Code of Conduct and any stricter local regulations.
First established in 2010, we update our Code of Conduct regularly. The most recent update in 2019 reflected changes to internal and external requirements, including the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) Code of Practice 2019, enhancing regulation on how pharmaceutical companies interact with healthcare professionals.
We reflect such changes in our operational procedures to encourage good practice. Specific business areas operate under our quality management system to control risk, drive continual improvement and meet regulatory requirements.
We provide all employees with the best possible conditions to act responsibly. Every year, they complete corporate training on our Code of Conduct and relevant procedures, which involves local discussions on ethics and compliance.
We support this with audits and continual monitoring to validate understanding of local requirements and capture suggestions for process improvements. Our auditors provide feedback with corrective and preventive actions to ensure local management ownership and follow up.
We encourage everyone to have ongoing dialogue on compliance and ethics with their colleagues and managers. However, we understand that some employees may not want to discuss questions or concerns openly. We are on-hand to provide advice to individuals who are concerned that a matter is not being properly addressed. Anyone can report serious compliance concerns in full confidentiality to Lundbeck’s Compliance Hotline.
Promotion of medicinal products is strictly regulated and monitored by local authorities. We are committed to complying with applicable regulations. This means maintaining processes and providing extensive training to ensure that promotional activities are appropriately evaluated and approved.
Lundbeck’s promotional and advertising review committee assesses and approves promotional communication materials produced at our headquarters. Our affiliates are responsible for ensuring that promotional materials are reviewed and approved in accordance with local laws, regulations and industry codes, before the materials are used within the specific local market.
In the UK all materials are reviewed and approved locally in accordance with The Association of the British Pharmaceutical Industry (ABPI) Code of Practice, which is administered and regulated by the Prescription Medicines Code of Practice Authority (PMCPA).
Lundbeck is tirelessly edicated to restoring brain health, so every person can be their best. We pursue this purpose in accordance with our five core beliefs, which includes being responsible. This means acting with respect and integrity in everything we do, including observing applicable laws, regulations, guidelines and industry standards. Lundbeck’s Tax Policy sets forward the principles by which we manage our tax affairs in a compliant and responsible manner.
We are a diverse company determined to build an inclusive high-performance culture that allows all employees to enrich their professional skills and career without discrimination. We believe this is the best way to ensure creativity, innovation, progress and mutual enrichment. The variety in our employees’ ideas, perspectives, and experiences is a valued and necessary part of our competitive advantage. We have adopted a corporate policy as a foundation for discussions on diversity and inclusion among employees and management in the 50 plus countries that we operate in.
Lundbeck’s commitment to respect human rights is based on the Universal Declaration of Human Rights (UNDHR), the International Covenant on Civil and Political Rights (ICCPR) and its second optional protocol, the International Covenant on Economic, Social and Cultural Rights (ICESCR), Core international human rights instruments as defined by the Office of the High Commissioner for Human Rights (OHCHR), and the fundamental ILO conventions.
How we commit to transparency in the transfer and interactions of value.
How we engage with suppliers and third parties to deliver treatments for patients
We may provide donations and grants for eligible and appropriate purposes
UK-NOTPR-0534 | April 2022