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?