J&J $2.2 billion settlement

Today’s theme is compliance.

Compliance has been a bigger topic since Enron, WorldCom, Tyco and Sarbanes Oxley.  Sometimes the compliance issue is directly related to information flow; sometimes less directly.

“J&J Pays $2.2 Billion to Settle Probe,” Wall Street Journal, November 5, 2013 B3 http://on.wsj.com/16Dnkb2  J&J pled guilty to a misdemeanor in connecting with allegations of promoting off-label uses for two of its drugs.  J&J agreed to upgrade its compliance programs and to accept monitoring for five years from the HHS Inspector General.  This follows settlements with GlaxoSmithKline ($3 billion) and Pfizer ($2.3 billion).  Over 150 civil lawsuits are pending.

Is this “directly” or “less directly” connected to information?  Sales reps saying something that the regulations prohibit them from saying.  Was this a failure in compliance governance or information governance, or both?

Advertisements

Leave a comment

Filed under Business Case, Compliance, Content, Controls, Definition, Governance, Information, Internal controls, Legal, Requirements, Risk, Use

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s