Sensitized by a series of scandals around the world, Novartis spotlights its ethics policies
It turns out that anyone who doesn’t maintain the ethics standards at a newly sensitized Novartis has run the risk of losing a bonus.
Tainted by a political scandal in Washington DC triggered by a contract signed by ex-CEO Joe Jimenez, the company decided to talk up a scoring system it adopted in 2016 where each staffer earns a 1, 2 or 3 number ranking on ethics. Two qualifies as meeting company ethics standards and 3 qualifies for role model behavior — all of which could signal the kind of performance warranting up to 35% of their total compensation, according to a report from Reuters, which got briefed with analysts and reporters on the program.
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