Johnson And Johnson Pakistan

Introduction:

Johnson & Johnson is an American multinational medical devices, pharmaceutical and consumer packaged goods manufacturer founded in 1886. The corporation includes some 250 subsidiary companies with operations in over 57 countries and products sold in over 175 countries.

The company:

                      

Caring for the world, one person at a time... inspires and unites the people of Johnson & Johnson. the company embrace research and science - bringing innovative ideas, products and services to advance the health and well-being of people. Employees of the Johnson & Johnson Family of Companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.

 the company is listed among the Fortune 500.The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S.The list includes publicly and privately held companies for which revenues are publicly available. The first Fortune 500 list was published in 1955.

    The companies’ Credo:

We believe our first responsibility is to the doctors, nurses and patients, to mothers and fathers and all others who use our products and services. In meeting their needs everything we do must be of high quality. We must constantly strive to reduce our costs in order to maintain reasonable prices. Customers’ orders must be serviced promptly and accurately. Our suppliers and distributors must have an opportunity to make a fair profit.

We are responsible to our employees, the men and women who work with us throughout the world. Everyone must be considered as an individual. We must respect their dignity and recognize their merit. They must have a sense of security in their jobs. Compensation must be fair and adequate, and working conditions clean, orderly and safe. We must be mindful of ways to help our employees fulfill their family responsibilities. Employees must feel free to make suggestions and complaints. There must be equal opportunity for employment, development and advancement for those qualified. We must provide competent management, and their actions must be just and ethical.

We are responsible to the communities in which we live and work and to the world community as well. We must be good citizens––support good works and charities and bear our fair share of taxes. We must encourage civic improvements and better health and education. We must maintain in good order the property we are privileged to use, protecting the environment and natural resources.

Our final responsibility is to our stockholders. Business must make a sound profit. We must experiment with new ideas. Research must be carried on, innovative programs developed and mistakes paid for. New equipment must be purchased, new facilities provided and new products launched. Reserves must be created to provide for adverse times. When we operate according to these principles, the stockholders should realize a fair return.

Company Responsibility:

1. Transparency

• In 2011, our reporting on payments to physicians expanded to include U.S. Medical Devices and Diagnostics units, reflecting the general provisions of the U.S. Physician Payment Sunshine Act. Our U.S. pharmaceutical companies have been providing information on their websites about payments to physicians since 2010.

• Our Pharmaceutical and Medical Device and Diagnostics companies in the U.S. disclose the nature and volume of grants they make for professional education. More information is available on our individual company websites.

• We report our progress on our sustainability goals annually, and have done so for over 15 years.

2. Benefits

The Choices Benefits Program lets employees create a personalized benefit package for themselves and their eligible dependents. Benefits include:

• Medical

• Dental

• Vision

• Tobacco Cessation

• HealthAccount (Flexible Spending Account)

• CareAccount (Flexible Spending Account)

• Life Insurance

• Accident Insurance

• Disability Coverage

• Long-Term Care Insurance

• Group Legal Insurance

• Auto and Home Insurance

• Commuter Benefits Program

3.Workplace Health Protection

Johnson & Johnson Occupational Health Programs directly influence the health of the global workforce and its ability to work safely and effectively. The primary goal is to prevent and protect our employees from potential harm and to care for any employee with a work-related injury or illness. Through our comprehensive delivery system of integrated global health programs and services, we strive to address the full spectrum of health needs.

4.Human Rights

At Johnson & Johnson, respect for human rights is a core responsibility. Human rights are also covered in the training addressing the Policy on Business Conduct and the Global Labor and Employment Guidelines, which are provided to all employees.

We also maintain a Policy on the Employment of Young Persons that requires suppliers to abide by specific rules when employing persons under the age of 18 (“young persons”) in the manufacture of any product or any component of a product. Our policy extends to all of our affiliates worldwide. The policy mandates that no person between the ages of 16 and 18 shall be employed unless such employment is in compliance with the health, safety and morals provisions of the International Labor Organization.

5.Environmental Protection

As a large multinational organization, Johnson & Johnson operates in a wide variety of ecosystems around the world, some healthier than others. To minimize the impacts of our operations and products, and to help improve conditions when possible, we set global environmental, health and safety standards for our operating companies.                   

Code Of Business Conduct & Ethics For Members Of The Board Of Directors And Executive Officers:

1. Conflicts of Interest

Every Director and Executive Officer has a duty to avoid business, financial or other direct or indirect interests or relationships which conflict with the interests of the Company or which divide his or her loyalty to the Company. A conflict or the appearance of a conflict of interest may arise in many ways. Each Director and Executive Officer must deal at arm's length with the Company and should disclose to the Chairman, Vice Chairman or Lead Director any conflict or any appearance of a conflict of interest on his or her part. Any activity which even appears to present such a conflict must be avoided or terminated unless, after such disclosure to the Board, it is determined that the activity is not harmful to the Company or otherwise improper. The end result of the process of disclosure, discussion and consultation may well be approval of certain relationships or transactions on the ground that, despite appearances, they are not harmful to the Company. But all conflicts and appearances of conflicts of interest are prohibited, even if they do not harm the Company, unless they have gone through this process.

2. Conduct of Business and Fair Dealing

No Director or Executive Officer shall:

·         compete with the Company by providing service to a competitor as an employee, officer or director or in a similar capacity;

·         profit, or assist others to profit, from confidential information or business opportunities that are available because of service to the Company;

·         improperly influence or attempt to influence any business transaction between the Company and another entity in which a Director or Executive Officer has a direct or indirect financial interest or acts as an employee, officer or director or in a similar capacity; or

·         take unfair advantage of any customer, supplier, competitor or other person through manipulation, concealment, misrepresentation of material facts or other unfair-dealing practice.

3. Gifts

No Director or Executive Officer shall solicit or accept gifts, payments, loans, services or any form of compensation from suppliers, customers, competitors or others seeking to do business with the Company. Social amenities customarily associated with legitimate business relationships are permissible. These include the usual forms of entertainment such as lunches or dinners as well as occasional gifts of modest value. While it is difficult to define "customary," "modest" or "usual" by stating a specific dollar amount, common sense should dictate what would be considered extravagant or excessive. If a disinterested third party would be likely to infer that it affected the judgment of a Director or Executive Officer, then it is too much. All business dealings must be on arm's-length terms and free of any favorable treatment resulting from the personal interest of our Directors and Executive Officers.

4. Compliance with Laws and Regulations

Consistent with our Credo and business philosophy, it is the policy of Johnson & Johnson to comply with the laws of each country in which our companies do business. Each Director and Executive Officer shall comply with all applicable laws, rules and regulations, and shall use all reasonable efforts to oversee compliance by employees, other Directors and other Executive Officers with all applicable laws, rules and regulations.

5. Use of Non-Public Information and Disclosure

A Director or Executive Officer who knows important information about the Company that has not been disclosed to the public must keep such information confidential. It is a violation of United States law to purchase or sell Johnson & Johnson stock on the basis of such important non-public information. Directors and Executive Officers may not do so and may not provide such information to others for that or any other purpose.

Directors and Executive Officers also may not buy or sell securities of any other company using important non-public information obtained in the performance of their duties on behalf of the Company and may not provide any such information so obtained to others.

Directors and Executive Officers shall maintain the confidentiality of any non-public information learned in the performance of their duties on behalf of the Company, except when disclosure is authorized or legally mandated.

6. Use of Company Funds, Assets and Information

Each Director and Executive Officer shall protect the Company's funds, assets and information and shall not use the Company funds, assets or information to pursue personal opportunities or gain.

No Company funds, assets or information shall be used for any unlawful purpose.

No undisclosed or unrecorded fund or asset shall be established for any purpose.

No false or artificial entries shall be made in the books and records of the Company for any reason, and no Director or Executive Officer shall engage in any arrangement that results in such prohibited act.

Ethical code of conduct for employees

1. Procurement Employees and members of their family may not have an ownership interest in suppliers, except for holdings of less than 1% of the outstanding stock of such companies as may be publicly traded. Said holdings must not amount to a significant part of the employee's personal worth.

2. Procurement Employees and members of their family shall not accept gifts, gratuities, entertainment, travel or hospitality from a supplier. Dinners and luncheons that provide a continuity of business discussions are allowed as a time saving expediency. Gifts of inconsequential value such as calendars, pens, note pads, appointment books, may be accepted in circumstances where such minor gifts are customary.

3. Procurement Employees and members of their family may not seek to profit from confidential information or business opportunities made known to them as a result of their position within Johnson & Johnson. This includes, but is not limited to, stock transactions, real estate and other personal business ventures.

4. Johnson & Johnson employees engaged in procurement processes shall not disclose to any third party, or other Johnson & Johnson employee without a need to know, confidential information of any kind with respect to the decisions, pricing, proceedings or other activity of the sourcing group in which they are participating.

5. Additionally, those Procurement Employees who on behalf of the Company make purchases which are deemed significant enough to influence specific commodities which are subject to futures trading, may not engage in personal investment or speculation in such futures either on their own behalf or on behalf of their family members.

6. Procurement Employees or members of their family may not act as director, officer, partner, employee, agent or consultant with or without compensation, for a present or proposed supplier or customer.

 7. Procurement Employees or members of their family may not receive fees, commissions or other compensation from a supplier or competitor.

8. Procurement Employees may not knowingly purchase goods or services from a company owned or controlled by, or whose sales contact with Johnson & Johnson is, an employee or relative of an employee of Johnson & Johnson unless such relationship has been previously disclosed to appropriate levels of management.

9. Procurement Employees who have a financial interest in another entity, or who act as a director, officer, partner, employer, agent, or consultant, for another entity, may not influence or attempt to influence any business transaction between the Company and such entity.

10. Procurement Employees shall not solicit favors or contributions from suppliers or customers for any non-profit or charitable organization.

Global Business standard codes vs.  J&J code of conducts

Global Business standards codes	Implementation of Johnson &Johnson
1:Fiduciary principle         I.            Director has a legal duty to act in the best interest of the stake holder.       II.            Employee should act to increase in good will of the company     III.            Report authority seeing illegal activity	Ø  Yes Ø  Yes Ø  yes

2:Property Principle:         I.            employee shouldn’t have any unethical gift       II.            they should not take misappropriate funds     III.            they cant use company assets for their personal use

Ø  yes Ø  yes Ø  yes

                       

Global Business standards codes	Implementation of Johnson &Johnson
3:Reliability Principle             I.            the Employee should follow the commitment of the company           II.            the Employee should be loyal to the company.	Ø  Yes Ø  yes
4:Transprancy         I.            every activity must be recorded in documents and major activities must me shown to stake holders of the company	Ø  yes
5:Dignity         I.            Health& safety       II.            Human development     III.            Anti-child labor     IV.            Environmental Protection	Ø  Yes Ø  NO Ø  Yes Ø  yes