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TRACE International Inc. (TRACE) has completed a TRACE Standard due diligence review of Chiesi Pharmaceuticals GmbH. TRACE has granted Chiesi Pharmaceuticals GmbH a certificate of membership signifying the company’s commitment to transparency in international commercial transactions. After another surveillance process this membership was renewed and prolongued for another year.
TRACE International, Inc. (TRACE) is a non-profit membership association that pools resources to provide practical and cost-effective anti-bribery compliance solutions for multinational companies and their commercial intermediaries (sales agents and representatives, consultants, distributors, suppliers, etc.). TRACE provides several core services and products, including: due diligence reports on commercial intermediaries; model compliance policies; an online Resource Center with foreign local law summaries, including guidelines on gifts and hospitality; in-person and online anti-bribery training; and research on corporate best practices.
For multinational companies, TRACE provides a practical and cost-effective alternative to increasingly expensive and time-consuming corporate compliance. For commercial intermediaries, TRACE offers a marketing advantage by creating a bridge between them and companies doing business internationally.
Read more about TRACE International.