At Ferrer the way we do things is just as important as what we do

At Ferrer we play fair, and we make every effort to assure ethical conduct in all our business activities.

And we do so by paying attention not only to what we do, but also, and especially, to how we do it.  

Not only are we committed to complying with current regulations: we go one step further, with the conviction that we can only achieve our objectives by behaving with integrity and honesty in all our dealings.

A comprehensive, international Ethics & Compliance System

At Ferrer we have evolved from a criminal risk prevention system to an ethics system, including compliance risk prevention, aligned with the most recognised national and international standards.

Furthermore, as a pharmaceutical company, we comply with the legislation and regulations applicable to our activity, including the standards set out in the codes of good practice of the European Federation of Pharmaceutical Industries and Associations (EFPIA) and the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), and we are members of various sectoral associations in different countries where we are operates. 

Our system is based on 3 main pillars:

Cultura Ética

Culture. Commitment, training and awareness-raising

Ferrer’s senior management is deeply committed to an authentic culture of ethics and compliance and actively contributes to fostering this culture.

In 2022, an annual Declaration of Ethical and Regulatory Compliance was signed by the Corporate Management Committee, the Management Committee of Ferrer Spain, Directors and Country Managers of national and international subsidiaries, and local Compliance Officers (more than 100 signatures).

Zero tolerance for corruption

In 2022, to coincide with International Anti-Corruption Day on 9 December, we updated our Corporate Anti-Bribery and Anti-Corruption Policy.

This Policy applies to all Ferrer people, especially in our relations with third parties, both in the public sector (public administration personnel, politicians, etc.) and in the private sector (people from other companies, associations, foundations, etc.).

Furthermore, it is global in scope and, therefore, all Ferrer employees must apply it without exception, regardless of their functions or the country in which they operate.

In addition, to show our unequivocal commitment, we ran an anti-corruption campaign with posters, vinyl stickers and audiovisual resources in all our centres.

Risk management

In recent years we have strengthened our risk management system and, in October 2022, we also put in place a Risk Management Policy, which defines the general framework for action and establishes roles and responsibilities, as well as our own Corporate Risk Map, which is monitored on a regular basis. 

In addition, in order to adequately monitor compliance risks (including criminal and anti-corruption risks) at Ferrer, we have implemented improvements and recommendations derived from the review of the Compliance Risk Map in 2022 (both at the corporate level and in the international subsidiaries).

Transparent governance

Management Team

Ferrer’s governance structure consists of the Board of Directors and the Management Committee. In addition, the Board of Directors has an Ethics, Compliance and Audit Advisory Board.

* structure as of 3 April 2023

Board of Directors

Sergi Ferrer-Salat – Chairman

Mario Rovisora – Secretary

Josep Vilarasau – Director

Joan Fanés – Director

 

Advisory Board to the Board of Directors

Sergi Ferrer-Salat – Chairman

Rafael Abella – Audit Advisor

José Ignacio González – Ethics and Compliance Advisor

Meritxell Casas – Secretary