Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
British investigator Peter Humphrey and his American wife Yu Yingzeng have been released early from prison in China.
Humphrey and Yu were jailed in August last year for illegally obtaining and selling personal information of Chinese citizens.… Continue Reading
China is pushing reforms at public hospitals in the wake of widespread complaints about inadequate healthcare services and corruption related to drug sales.
According to a guideline issued by the State Council, reforms that were piloted in 17 cities in 2010 will be expanded to the country’s 6,800 public hospitals by 2017.… Continue Reading
President Xi Jinping visits UNESCO in Paris in 2014A new phase has begun in the maturation of China as an economic superpower, an era that President Xi Jinping has taken to calling “the new normal.”… Continue Reading
Let’s go straight to some news from beyond America’s shores during the past year.
SBM Offshore paid $240 million to Dutch authorities to settle allegations that it bribed government officials in Angola, Brazil, and Equatorial Guinea.… Continue Reading
Image courtesy of QualcommQualcomm Inc. agreed to pay a fine of $975 million to regulators in China. The biggest corporate fine in the country’s history resolves a 14-month investigation for anti-competitive practices.… Continue Reading
In my prior post on Collective Action, I wrote about the importance of voluntary codes of conduct and concluded that in an era of weak regulation, corporate behaviour would have been significantly worse over the last decades without them.… Continue Reading
China’s state-run newspaper People’s Daily has accused multinational companies of avoiding taxes in China and urged authorities to take measures to combat tax evasion.
Foreign companies have been diverting their profits to overseas branches or their parent companies in order to avoid paying taxes in China, People’s Daily said.… Continue Reading
An executive at Swiss pharma Novartis pleaded guilty in a bribery prosecution in Poland, the company has confirmed.
Poland’s anti-corruption bureau charged two women with bribery. Prosecutors said they gave a health fund official a tourist trip worth more than $1,000 in exchange for backing the sale of a particular drug, Reuters said.… Continue Reading
GlaxoSmithKline PLC (GSK) may well be a watershed in the global fight against bribery and corruption. Behavior and conduct, which was illegal under Chinese law but previously tolerated and even accepted by Chinese government officials, quickly became a quagmire that the company was caught in when charges of corruption were leveled against them last year.… Continue Reading
GlaxoSmithKline said Tuesday it is investigating allegations of corrupt payments in the United Arab Emirates.
The UK’s biggest pharma confirmed the investigation following allegations of improper payments set out in a whistleblower’s email sent to its top management Monday, Reuters said.… Continue Reading
Sanofi said Monday it has self reported the allegations to the U.S.… Continue Reading
A court in China fined UK pharma giant GlaxoSmithKline $490 million Friday following a conviction for bribery.
GSK’s former head of China operations, Mark Reilly, was given a three-year prison sentence that was suspended, the BBC said.… Continue Reading
