In order to deep dive into specific sector issues and solutions, AMCHAM’s Anti-Corruption & FCPA Compliance Committee created sectoral working groups this year. Healthcare was identified as the first focus sector and on August 5th the first sectoral session with the theme ‘Renaissance in 3P Governance’ was organized. The session was led by Dr. Simrat Sohal, Associate Director, Becton, Dickinson and Company (BD) with a focus on Third-Party Intermediaries (TPIs), TPI oversight, role of a compliance officer in the TPI lifecycle and stages of the TPI lifecycle. It was shared by Dr. Sohal that the healthcare sector accounts for the second most FCPA enforcement activity by industry classification. She also shared that 89% of FCPA enforcement actions involve TPIs. Her presentation covered an ideal governance model which covers – TP selection, due diligence process (screening), contracting, on-boarding, training, monitoring and off-boarding/contract termination. Mr. Gaurav Ajmani, Chairman – Anti-Corruption & FCPA Compliance Committee, AMCHAM and Associate General Counsel: Business Conduct & Ethics, Amazon Seller Services (P) Ltd. moderated the session.
By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.