COMPANY PHILOSOPHY ON CORPORATE GOVERNANCE
At Abbott India, we are committed to strong corporate governance that is aligned with our objective of maximizing our stakeholders’ interests. We adhere to the highest standards of governance, integrity, ethics and transparency. Our core values of Pioneering, Achieving, Caring and Enduring are the foundation of our identity and define how we operate and serve our stakeholders. Aligning our organization around this cohesive set of values is critical to the fulfillment of our mission and achievement of our business goals.
We have a Code of Conduct with the underlying belief of conducting business in a principled manner. It lays down our values and principles that always guide our actions to live up to our best ideals and to operate our business with the utmost integrity. We ensure that ethical conduct is embedded across our operations and we expect all our employees and external partners to follow the same. Our policies and procedures operate alongside our Code to guide our employees as they conduct their day-today activities. They encompass all relevant laws, regulations and promotional standards. Our policies also consider industry best practices, including provisions of global and local codes for pharmaceuticals. The Company’s Board and leadership teams fully abide by and support the Code and the policies, procedures and principles it embodies. The Board maintains the high ground when it comes to compliance.
The Company’s philosophy on Corporate Governance is, thus, concerned with the ethics, values and morals of the Company and its Directors, who are expected to act in the best interests of the Company and remain accountable to members and other beneficiaries for their actions.