Prevention of Corruption
At Insmed, we prohibit bribery and corruption in any form, anywhere in the world. We do not offer bribes to, or accept bribes from, any government officials, healthcare professionals (HCPs), or anyone else. This applies not only to everyone who works at Insmed, but also to anyone who works on our behalf, including any agents or business partners, as described in our Supplier Code of Conduct.
How we do it
- We train our employees to never offer a bribe to or accept a bribe from anyone, and to never conceal or attempt to conceal a payment.
- We follow Insmed’s due diligence policies before engaging with third parties.
- We oversee third parties carefully, making sure that their actions comply with our policies.
- We record all transactions and payments promptly and correctly.
- When engaging with HCPs who are considered government officials, we adhere to the strict rules in place that govern such interactions.
Did you know?
A bribe happens when an individual offers something of value in return for a favorable outcome. When we use the term “something of value,” we mean more than just cash. Bribes can also be in the form of noncash items, such as paying an HCP above fair market value, adding an HCP as an author of a publication without merit, providing free products, or providing recreational outings or entertainment. We have many internal resources to help employees understand which transfers of value are acceptable and which are not.
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