Ethical Business Behavior at CVS
CVS is a pharmaceutical health care company that engages in the provision of mail order pharmacy, specialty pharmacy, retail pharmacy and retail clinic care. The company has a wide range of network outlets and a customer base that requires strict adherence to the industry's laws and regulations. The company has a set of guidelines to facilitate ethical business practice in operation across all its branches.
The corporation has in place a program on compliance and integrity owing to the vastness of its operations. The integrity and compliance program seek to ensure that the company's operations are responsive to the dynamics of the environment. The integrity and compliance program provide a code of conduct, procedures, policies and training regarding ethical behaviors. The company requires all its employees and branches to cooperate with investigations relating to compliance and regulations. The integrity and compliance program also provide incentives and disciplinary action in order to promote compliance and adherence to industrial regulations and rules.
In order to oversee business practices in the company's branches, a chief compliance officer is charged with the duty to overlook the implementation of the integrity and compliance program. Regular audits and investigations on misconducts reported are carried out. Written policy standards are also developed to guide the operations of the company branches...
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