GSK in China

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Business Ethics assignment

Transcript of GSK in China

INTRODUCTION TO THE CASE:Joseph Nathan started an import-export business in 1873, which had the subsidiary, Glaxo Laboratories Limited. ut in 1!"7 parent company dissol#ed and Glaxo became a public company .$n subse%uent years the company ac%uired others and in the year &''', it mer(ed with ri#al )* pharmaceutical +rm, ,mith*line eecham to become Glaxo,mith*line. -t the time o. creation, G,*/s (lobal sales are &&.0billion dollars and employed 1''''' across the world. G,* started enterin( into di1erent #entures with local health care brands in $ndia, ,outh -.rica and also .ormed wholly owned subsidiary li2e G,* 3hina. Now comin( to G,*/, ethics policy, it had 4567 tolerance towards corrupt practices. -s it/s located in )*, the company has to abide by the laws o. )* 8ribery -ct o. &'1'9 and also ), Law o. :3;-. $n the year o. &'13,