Our company aspires to being open and transparent about how we operate, in order to earn and retain the trust and confidence of our customers, employees, shareholders and other important stakeholders. Our reporting and governance structure is an integral part of this commitment.
The Office of Corporate Responsibility
Our corporate responsibility performance is dependent on all of our employees—from our chairman and CEO to staff in each business unit, subsidiary, manufacturing plant and research laboratory. All employees are informed of our corporate responsibilities through our company’s Code of Conduct, but we also recognize that a central coordinating function is necessary in order to ensure a comprehensive approach to corporate responsibility.
Six independent directors constitute our company’s Board Committee on Governance, Public Policy & Corporate Responsibility.
The Office of Corporate Responsibility coordinates the development, implementation and communication of our global approach and, with strategic guidance from the Social Business Investment Council, is responsible for reporting on our company’s performance. The Office of Corporate Responsibility works with business units and functional areas to integrate our corporate responsibility principles into business policies, strategies and practices, and brings the voice of external stakeholders into decision-making processes.
The Office of Corporate Responsibility, which supports the company’s business strategy, is accountable for producing the annual Corporate Responsibility Report. To contact members of the Office of Corporate Responsibility, please click here.
The Corporate Responsibility Report Working Group
The members of the Corporate Responsibility Report Working Group, a diverse selection of employees from all divisions of the company, serve as content experts in their respective areas and work closely with the Office of Corporate Responsibility to help set goals and develop metrics that support and measure our overall corporate responsibility strategy and objectives. Individual members have been chosen to be active advocates for corporate responsibility within their respective areas.
The Social Business Investment Council
The Social Business Investment Council (SBIC) serves as a high-level forum for strategic input and guidance on our social business investments to drive the value proposition for corporate responsibility. With the Office of Corporate Responsibility serving as the secretariat, the diverse membership of the SBIC provides vision and leadership on corporate responsibility objectives and targets, while facilitating cross-divisional input and alignment across functions and regions on corporate responsibility investments, initiatives and issues.
Specifically, the SBIC seeks to identify risks, opportunities and gaps in our social investment portfolio and corporate responsibility strategy, reviewing the impact of our corporate responsibility investments as they relate to the company’s business objectives. Over time, the SBIC’s efforts will promote further integration of corporate responsibility and shared value into our business activities through active internal and external advocacy.
Board Committee on Governance, Public Policy & Corporate Responsibility
Six independent directors constitute our company’s Board Committee on Governance, Public Policy & Corporate Responsibility. Chaired by Leslie A. Brun, the committee is responsible for advising the company’s Board of Directors and management on company policies and practices that pertain to the company’s responsibilities as a global corporate citizen, its special obligations as a health care company whose products and services affect health and quality of life around the world, and its commitment to the highest standards of ethics and integrity in all its dealings.
Additionally, the committee is responsible for taking a leadership role in shaping the corporate governance of the company, including the development of a set of corporate governance guidelines for Board approval.
In addition to the Board Committee on Governance, Public Policy & Corporate Responsibility, other Board committees oversee issues related to corporate responsibility, such as audit and compliance, executive compensation, and research.