Ethics and compliance

We are committed to high standards of ethical conduct and are active partners in several global initiatives

Siggi Olafsson, Chief Executive Officer

Siggi Olafsson, Chief Executive Officer

Our company was founded by Samih Darwazah with two guiding principles, quality and integrity. Over 40 years later, I am proud these two principles continue to serve as the foundation of our Hikma culture. Hikma is committed to compliance and strives to maintain an active and effective Corporate Compliance programme. Since the appointment of our first Chief Compliance Officer in 2010, we continue to evolve our Corporate Compliance programme to meet the changing needs of our business and the changing legal and regulatory environment in which we operate.
Code of Conduct

Code of Conduct

Our Code of Conduct, available in seven languages, sets out behaviours we expect from our employees as we conduct our business, and provides an overview of our legal, regulatory and ethical requirements. Our Code provides guidance to our employees and partners on the ethics of Hikma’s business activities through the identification and discussion of various risks associated with our business. Hikma employees, officers and directors are trained on the Code of Conduct as part of their induction and are provided refresher training periodically. The completion rate for our Code of Conduct training is 98%.
Education and training

Education and training

Education is a key element of Hikma’s Corporate Compliance programme. We are committed to implementing programmes that effectively train our employees on company policies and procedures. The Corporate Compliance team employs a variety of training methods to communicate these requirements including classroom and computer-based training, as well as employee communications on select topics. We review and update our training programmes periodically, and seek on an on-going basis to identify additional areas where training is needed.
Transparency and raising concerns

Transparency and raising concerns

We believe in transparency and promote a culture that encourages employees to raise any concerns about potential violation of laws and regulations, or any other behaviours or incidents that do not comply with our Code of Conduct. Our speak up line provides both internal and external stakeholders a resource to confidentially raise concerns about suspected misconduct. All cases received are reviewed by our Legal and Compliance teams, and investigated, as appropriate, by legal and compliance personnel. Substantiated violations of our Code of Conduct, or other policies and procedures are addressed through our disciplinary procedures.

Responding to Potential Violations

Responding to Potential Violations

Potential violations of our Corporate Compliance programme are investigated with oversight by the company’s Corporate Investigations Committee which is comprised of the General Counsel, Chief Compliance Officer, and EVP Organizational Development. Disciplinary actions for violations are addressed in the Hikma Code of Conduct, and supporting policies. Hikma has a progressive disciplinary process up to and including termination of employment depending upon the severity of the violation. Disciplinary actions will be timely implemented to ensure that the incident is resolved and to prevent any potential reoccurrence.

Oversight

Oversight

Our Chief Compliance Officer is a member of senior management, and responsible for the day-to-day management of Hikma’s Corporate Compliance Programme including drafting policies and procedures, training, auditing, monitoring, and conducting investigations. The Chief Compliance Officer provides periodic reports on the operation of the Corporate Compliance Programme to Hikma’s Executive Committee and the Corporate Responsibility and Ethics Committee (CREC), the body with ultimate authority over Hikma’s Corporate Compliance Programme responsible for assisting the Board of Directors in meeting their responsibilities as they relate to the compliance-related activities of the organization.
Auditing and Monitoring

Auditing and Monitoring

The Corporate Compliance function conducts auditing and monitoring activities designed to assess compliance with Hikma’s compliance-related policies, procedures and processes and identify needs. In addition, Hikma’s Board of Directors retains the services of an independent third party to conduct annual compliance audits of operations and a periodic evaluation of Hikma’s Corporate Compliance programme.
Policies and Positions

Policies and Positions

In addition to our Code of Conduct, Hikma has adopted compliance-related policies and procedures that provide detailed guidance and direction to employees on various compliance-related topics including, but not limited to, Anti-Bribery and Corruption, Anti-Money Laundering, Promotional Compliance, Healthcare Fraud and Abuse, Third-Party Due Diligence, Transparency Reporting, Modern Slavery, Conflicts of Interest, Sexual Harassment, Data Privacy and Protection