As corporate social responsibility becomes the norm across Europe, it’s increasingly clear that companies with more robust CSR programs also tend to have better corporate governance than companies coming late to the game. For compliance officers, involvement with their company’s CSR program can be a key differentiator not just in a company’s public image, but also how well it is run.
At Novo Nordisk, the Danish multinational pharmaceutical company, with production facilities in seven countries and affiliates or offices in 75 countries, compliance (known at Novo Nordisk as business assurance) “facilitates” each of the company’s departments at least every three years to make sure they embody the company’s value system—the so-called Novo Nordisk way—related to financial, social, and environmental responsibility.
