- Ranbaxy Laboratories Ltd. is an Indian pharmaceutical company that was found guilty in 2013 of falsifying drug test data and misrepresenting generic drug information submitted to the US FDA.
- In 2004-2005, two Ranbaxy employees blew the whistle on the company's fabrication of drug test reports, which prompted a FDA investigation. This resulted in warning letters and import alerts issued against Ranbaxy plants in 2008-2009.
- The case highlights the importance of regulatory compliance, risk management practices, audit functions, and whistleblower protections in ensuring good corporate governance, as emphasized by various Indian committees on the topic.
Life journey of Vijay Mallya from bang to bust along with all details like business owned by him,financial data,his interest and most important business strategy also.
REPORT ON SUMMER TRAINING A FINANCIAL STATEMENT ANALYSIS AND INTERPRETATION...priya bansal
REPORT ON SUMMER TRAINING
A FINANCIAL STATEMENT ANALYSIS AND INTERPRETATION OF B.K. TRADING CO.
I HELP'S U HOW TO PREPARE INTERNSHIP TRAINING REPORT ON A FINANCIAL STATEMENT ANALYSIS AND INTERPRETATION
Yes Bank detailed presentation (2008 to 2019)ShubhamChugh9
The presentation is all about yes bank and describing its in depth details from year 2008 to 2019 and also its future prospects with all the major frauds and their NPAs details, along with this a questioner is also presented when we visited yes bank ltd.
also its balance sheet of year 2008 to 2019 is being discussed.
Hello! Find more information about short presentation topics for MBA in 2018-2019. More https://www.mbadissertation.org/presentation-topics-for-mba-students/
Life journey of Vijay Mallya from bang to bust along with all details like business owned by him,financial data,his interest and most important business strategy also.
REPORT ON SUMMER TRAINING A FINANCIAL STATEMENT ANALYSIS AND INTERPRETATION...priya bansal
REPORT ON SUMMER TRAINING
A FINANCIAL STATEMENT ANALYSIS AND INTERPRETATION OF B.K. TRADING CO.
I HELP'S U HOW TO PREPARE INTERNSHIP TRAINING REPORT ON A FINANCIAL STATEMENT ANALYSIS AND INTERPRETATION
Yes Bank detailed presentation (2008 to 2019)ShubhamChugh9
The presentation is all about yes bank and describing its in depth details from year 2008 to 2019 and also its future prospects with all the major frauds and their NPAs details, along with this a questioner is also presented when we visited yes bank ltd.
also its balance sheet of year 2008 to 2019 is being discussed.
Hello! Find more information about short presentation topics for MBA in 2018-2019. More https://www.mbadissertation.org/presentation-topics-for-mba-students/
Medical Device Single Audit Program (MDSAP)EMMAIntl
In 2012, the International Medical Device Regulators Forum (IMDRF) developed the Medical Device Single Audit Program (MDSAP) to implement a harmonized and a global approach to audit medical device manufacturers. The program allows for MDSAP recognized organizations to conduct a single audit that satisfies the regulatory requirements of the countries participating in the program
Humane Cosmetics - The European Coalition to End Animal Experiments v2zq
Humane Cosmetics - The European Coalition to End Animal Experiments - Resources for Healthy Children www.scribd.com/doc/254613619 - For more information, Please see Organic Edible Schoolyards & Gardening with Children www.scribd.com/doc/254613963 - Gardening with Volcanic Rock Dust www.scribd.com/doc/254613846 - Double Food Production from your School Garden with Organic Tech www.scribd.com/doc/254613765 - Free School Gardening Art Posters www.scribd.com/doc/254613694 - Increase Food Production with Companion Planting in your School Garden www.scribd.com/doc/254609890 - Healthy Foods Dramatically Improves Student Academic Success www.scribd.com/doc/254613619 - City Chickens for your Organic School Garden www.scribd.com/doc/254613553 - Huerto Ecológico, Tecnologías Sostenibles, Agricultura Organica www.scribd.com/doc/254613494 - Simple Square Foot Gardening for Schools - Teacher Guide www.scribd.com/doc/254613410 - Free Organic Gardening Publications www.scribd.com/doc/254609890 ~
What to Learn from US FDA Warning Letters and Their Impact on Pharmacovigilan...Covance
Drug safety and pharmacovigilance (PV) are paramount to the development of new drugs and the continued use of approved medications. **Disclaimer: This article was previously published. Sciformix is now a Covance company.
Quality Audit in pharmaceutical industryHari Haran
It deals with the understanding and process for auditing
pharmaceutical industries. This covers the methodology involved in auditing process of different in pharmaceutical industries.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
2. ABOUT THE COMPANY
1961 – Incorporated
1973 - Went public
1998 - Entered US – Significant market for the company (28% in 2005)
2008 - Japanese pharmaceutical company Daiichi Sankyo acquired a controlling share –
63.4% worth $4.6 Billion
2014 - Sun pharma acquired Daiichi Sankyo 63.4% stake in Ranbaxy in a $4 Billion all share
deal
3. CASE IN BRIEF
2004-2005
Dinesh Thakur and Rajinder Kumar, two Indian employees of Ranbaxy, blew the whistle on Ranbaxy's
fabrication of drug test reports
Thakur left India for the USA and contacted the Food and Drug Administration which started
investigating his claims
2008
Food and Drug Administration issued two warning letters to Ranbaxy Laboratories Ltd. and an Import
Alert for generic drugs produced by two manufacturing plants in India
2009
US Food and Drug Administration said it halted reviews of all drug applications including data
developed at Ranbaxy's Paonta Sahib plant in India because of a practice of falsified data and test
results in approved and pending drug applications
2013
US fined the company US$500 million after it was found guilty of misrepresenting clinical generic
drug data and selling adulterated drugs to the United States
4. ANGLO SAXON MODEL
Anglo-Saxon model of corporate governance is a system of supervision and control over the corporation,
functioning in the United States, Canada, Australia and the United Kingdom.
Supervision is exercised mostly by investors who expressed theirs favour or disapproval for the actions
of management by the buying/selling shares of the company and voting during the general meetings of
shareholders.
Anglo-Saxon model implies a strong emphasis on the results achieved by the company and security of their
shareholders.
5. Shareholders
Board of Directors
(Supervisor) Stakeholders
Officers
(Manager)
Company
Regulatory/Leg
al system
Creditors
Elect
Appoints and
supervises
Manage
Monitors
&
regulates
THE ANGLO SAXON MODEL
6. NARESH CHANDRA COMMITTEE
The section 4.7 of the report is about of the independent directors. The
independent director should periodically review legal compliance reports prepared
by the company.
If this section had been followed the independent director could have been able
to identify the huge risk investment made by the company.
The committee also recommends separate executive sessions of the Audit
Committee with both internal and external Auditors as well as the Management
7. Accounting Standards
Review the continuous disclosure requirements under the listing
agreement
The company is also required and to harmonise the accounting
standards and financial disclosures on par with international
practices.
Clause 1.3.2 Narayan Murthy committee guidelines : SEBI set up an
Accounting Standards
8. RISK MANAGEMENT
The Board members should be informed about the risk assessment.
These procedures should be periodically reviewed to ensure a properly
defined framework.
Management should place a report before the entire Board of Directors every
quarter documenting the business risks faced by the company and any
limitations to the risk taking capacity of the corporation.
This document should be formally approved by the Board.
Clause 3.5 from Narayan Murthy committee
9. WHISTEL BLOWER PROTECTION
Mandatory recommendation Personnel who observe an unethical or improper practice (not necessarily
a violation of law) should be able to approach the audit committee without necessarily informing their
supervisors. Companies shall take measures to ensure that this right of access is communicated to all
employees through means of internal circulars, etc. The employment and other personnel policies of the
company shall contain provisions protecting “whistle blowers” from unfair termination and other unfair
prejudicial employment practices.
Mandatory recommendation Companies shall annually affirm that they have not denied any personnel
access to the audit committee of the company (in respect of matters involving alleged misconduct) and
that they have provided protection to “whistle blowers” from unfair termination and other unfair or
prejudicial employment practices. The appointment, removal and terms of remuneration of the chief
internal auditor must be subject to review by the Audit Committee.
Clause 3.11 from Narayan Murthy committee