GENESIS Pharma strictly abides by high standards of integrity and business ethics, intricately linked to the company's corporate culture and philosophy that dictate transparency throughout its operations.
For GENESIS Pharma, Corporate Governance is a set of principles based on which a company should be organised and managed, with the aim of safeguarding the lawful interests of all those actively involved with the company's long term development.
The Company has adopted a specific Internal Code of Conduct which clearly sets out how the Company's Management effectively implements, monitors and controls company activities, in order to respond to continually changing business and social conditions.
In 2003, GENESIS Pharma set up an independent Internal Audit Department in charge of monitoring and ensuring adherence to the Internal Code of Conduct as well as supervising policies, procedural and control systems drawn up by GENESIS Pharma management.
The Internal Audit Department is also responsible for reviewing and assessing Business Risk; that is recognising and prioritising the inherent business risks the company may be exposed to, on the one hand, and on the other to define and adopt proper control procedures which safeguard uninterrupted business operations.