Merck aspires to be open and transparent about how we operate in order to earn and retain the trust and confidence of our customers, employees, shareholders and other important stakeholders. Our reporting and governance structure is an integral part of this commitment.
The Office of Corporate Responsibility
Merck’s corporate responsibility performance is dependent on all Merck employees—from Merck’s Chairman and CEO to staff in each business unit, subsidiary, manufacturing plant and research laboratory. All of us at Merck are aware of our corporate responsibilities through the Merck Code of Conduct, Our Values and Standards, but we also recognize that a central coordinating function is necessary to ensure a comprehensive approach to corporate responsibility.
The Office of Corporate Responsibility coordinates the development, implementation and communication of Merck’s global corporate responsibility approach and, with the Public Policy and Responsibility Council, is responsible for reporting on Merck’s corporate responsibility performance. The Office of Corporate Responsibility works with business units and functional areas to integrate Merck’s corporate responsibility principles into business policies, strategies and practices—and brings the voice of external stakeholders into decision-making processes.
The Office of Corporate Responsibility, which supports the company’s business strategy, is accountable for producing an annual corporate responsibility report. To contact members of the Office of Corporate Responsibility, please click here.
The Public Policy and Responsibility Council
In addition to the Office of Corporate Responsibility, Merck established the Public Policy and Responsibility Council, a senior-level decision-making governance body responsible for developing and monitoring Merck’s corporate responsibility approach, targets and progress against key performance indicators. Membership includes senior Merck leaders across all divisions and major functions. The council’s responsibilities include reviewing external issues that may affect Merck’s business and reputation; providing high-level guidance on Merck’s overall approach to corporate responsibility, such as deciding on priority issues; developing policies and position statements; identifying key external stakeholders and engaging in outreach; providing input into Merck’s annual corporate responsibility report; and providing ongoing counsel and guidance to the Office of Corporate Responsibility.
The Corporate Responsibility Report Working Group
Each member of the Corporate Responsibility Report Working Group works directly with a member of the Public Policy and Responsibility Council to promote further integration of corporate responsibility into the business. Individual members have been chosen to be active advocates for corporate responsibility within their respective areas. In addition, the members of the working group, a diverse selection of employees from all divisions of the company, serve as content experts in their respective areas and work with the Office of Corporate Responsibility to help set goals and develop metrics that support and measure Merck’s overall corporate responsibility strategy and objectives.
Our Executive Committee manages the business of Merck, and is headed by Merck’s Chairman and Chief Executive Officer, Kenneth C. Frazier. The committee’s members, representing the many areas of the company, are responsible for reviewing the nonfinancial corporate responsibility indicators annually and the company’s progress against our corporate responsibility commitments, and reviewing and approving the annual corporate responsibility report. Learn more.
Board Committee on Governance, Public Policy & Corporate Responsibility
Six independent directors comprise Merck’s Board Committee on Governance, Public Policy & Corporate Responsibility, which is responsible for advising the Board of Directors and management on company policies and practices that pertain to the company’s responsibilities as a global corporate citizen; its special obligations as a healthcare company whose products and services affect health and quality of life around the world; and its commitment to the highest standards of ethics and integrity in all its dealings.
Additionally, the committee is responsible for taking a leadership role in shaping the corporate governance of the company, including the development of a set of corporate governance guidelines for Board approval.
In addition to the Board Committee on Governance, Public Policy & Corporate Responsibility, other Board committees oversee issues related to corporate responsibility, such as audit and compliance, executive compensation and research.
Last Updated November 25, 2013