Compliance & Ethics

Ethics and compliance are the foundation of our Company and are essential to our continued success. Our core values represent what we stand for and what we believe in – Patients First, Quality, Respect, and Empowerment and Accountability. Our overarching guiding principle We Care sits across each of these core values and is fundamental to who we are and what we do. We believe it is not just about the results we achieve but how we achieve them – by conducting business with honesty, integrity, and respect and maintaining the trust and confidence of our Customers, Patients, Suppliers, and Sites.

Anti-Corruption Compliance Program

We value our reputation and commitment to maintaining the highest level of ethical standards and we hold ourselves accountable to these standards. An important element of Parexel’s commitment to these standards is our Anti-Corruption Compliance Program which identifies, manages, and mitigates corruption risks. Parexel provides services globally in a highly regulated environment and requires our employees and third parties to understand and comply with all applicable laws, regulations, and codes. The compliance program is supported by training programs, third party due diligence, monitoring and auditing programs, and internal controls. In addition, we have implemented the following key policies and procedures to ensure that our employees, and those who work on our behalf, understand our responsibilities and expectations, and operate to the highest ethical standards.

Code of Conduct

At Parexel, compliance means maintaining high standards of conduct and business practices. Acting ethically is essential to achieving our Vision. Our Code of Conduct is a roadmap designed to guide employees and other Parexel representatives in conducting themselves with honesty and integrity in all actions on behalf of our organization. Our Code defines the principles, values, behavior, and standards that our organization considers significant and believes are fundamental to our successful operation. Ethical business conduct is a part of every employee’s job and each employee is responsible for understanding and complying with this Code. We never compromise our commitment to 'Doing Business with Integrity'.

Anti-Bribery Policy

An important element of Parexel’s commitment to ‘Doing Business with Integrity’ and high ethical standards is our policy that prohibits employees, or anyone acting on Parexel’s behalf, from providing a payment or benefit to any person or entity in order to improperly influence any government official or any private party to gain an unfair business advantage. Parexel has a zero tolerance for any form of bribery or corruption. Parexel expects the same dedication against corruption from the entities, consultants, and any persons acting on our behalf.

Ethics Hotline

Parexel is committed to providing a workplace conducive to open discussions of our business practices. Our Speak Up program encourages employees and third parties to ask questions and report possible misconduct any time they see or become aware of a suspected violation of laws, regulations, or company policies and procedures. All reported issues are thoroughly investigated in a timely manner. Retaliation is never tolerated.

Interactions with Healthcare Professionals

There are many laws, regulations, and Codes of Practice (i.e. PhRMA, ABPI, AdvaMed, etc.) that govern interactions with Healthcare Professionals (HCPs) to ensure that healthcare treatment decisions are not motivated by personal gain or enrichment. Our interactions with HCPs are intended to enhance knowledge and advance science and medicine, to the ultimate benefit of the patient. We have implemented the Policy ‘Rules for Interactions with Healthcare Professionals’ to govern our business partnerships and relationships with physicians and other Healthcare Professionals (HCPs). We require that those who conduct business with HCPs, including those who do so on our behalf, to comply with all applicable laws, regulations, Codes, and our Policy “Rules for Interactions with Healthcare Professionals. HCP interaction rules may vary between our policy, customer policies, and local regulations. If a conflict occurs, the more restrictive requirements apply.

Standards for Suppliers

Parexel believes that a strong relationship with our Suppliers is critical to ensuring our continued success. Parexel’s Supplier Code of Conduct (‘Supplier Code’) is the foundation of our relationship with our Suppliers, creating a mutual understanding of our Parexel’s core Values and beliefs and communicates our expectations to our Suppliers. This will ensure that anyone who works for us and our Customers shares our values and works to the highest ethical standards.

This Supplier Code establishes the principles and requirements for establishing and maintaining a business relationship with Parexel. Parexel expects all Suppliers, their employees, and sub-contractors to comply with the letter and spirit of all applicable laws, rules and regulations in the countries in which they operate, as well as the principles set out in our Supplier Code.

Thank you for supporting and maintaining the legacy of ethics and compliance we have created at Parexel. Together, we will continue to ‘Do Business with Integrity’.

 

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