Tag: 爱上海QR

Mikel Arteta speaks out on Arsenal’s defeat to Brentford in friendly

first_imgMikel Arteta speaks out on Arsenal’s defeat to Brentford in friendly Read More Manchester United captain Harry Maguire Mikel Arteta admits Arsenal will struggle to find their rhythm when the Premier League restarts (Getty Images)Mikel Arteta says Arsenal’s players are focusing on finding their rhythm and fitness following their surprise defeat to Brentford in a friendly on Wednesday.The Gunners comfortably brushed aside Charlton Athletic with a 6-0 win in the first friendly behind closed doors at the Emirates Stadium last Saturday.But Arteta’s players suffered a shock on Wednesday afternoon as they were beaten 3-2 by Brentford at their own ground.The Gunners took the lead in the first half through Joe Willock but Brentford equalled after the break with an excellent finish from Tarique Fosu.ADVERTISEMENT Read More PLAY Read More Advertisement 1 min. story Metro Sport ReporterThursday 11 Jun 2020 10:43 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.8kShares Advertisement About Connatix V67539 Skip Ad SPONSORED ‘We’re trying to give minutes in their legs to all of the players, obviously you have to change a lot of players through the games.‘Getting adapted to playing in an empty stadium as well, not having that energy from the fans.‘It was good, we played two friendlies, we’re getting a bit of rhythm, we haven’t played for a while, we tried to make is as close as possible to a real game.’ Mikel Arteta with his Arsenal players before their 3-2 defeat to Brentford (Getty Images)Arteta is also concerned that Arsenal and their Premier League rivals will struggle to play intense matches in the first few weeks after the season restarts.‘I think that’s a big question mark,’ said the Arsenal manager.‘We’ve been trying in big groups just for 10 days. You can play a friendly game, you can play 45 minutes, but it’s not the same as Premier League rhythm at all.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘We will have to see that. I think it will be very difficult to sustain big rhythms for 90 minutes for the first few games at least.’Arsenal’s Premier League campaign will restart next Wednesday when they play Manchester City at the Etihad Stadium.Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page.center_img Read More Top articles Skip 1/1 Video Settings Full Screen Visit Advertiser website GO TO PAGE Comment Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling Alexandre Lacazette put Arsenal back in front but the Championship club capitalised on some terrible defending by the Gunners to win the game with goals from Halil Dervisoglu and Shandon Baptiste.AdvertisementAdvertisement‘We’re trying different things,’ Arteta told Sky Sports when asked about the defeat to Brentford. Read More by Metro / Coming Nextlast_img read more

GlaxoSmithKline Coughs Up 20 Million In SEC FCPA Enforcement Action Based On

first_imgIn this 2016 preview post, I noted that the end of September was likely to be an active period for FCPA enforcement.Why? Because the SEC’s fiscal year ends on September 30th that’s why.In the third SEC FCPA enforcement action of the week, the SEC announced this enforcement action in which GlaxoSmithKline plc (a U.K. company with shares traded on the NYSE) will cough up $20 million to resolve an administrative cease and desist order based on employees and agents of its China-based subsidiary and China-based joint venture providing various things of value to healthcare professionals in China.In summary fashion, the Order states:“These proceedings arise out of GSK’s violations of the internal controls and recordkeeping provisions of the FCPA.Between at least 2010 and June 2013, employees and agents of GSK’s China-based subsidiary and a China-based joint-venture engaged in various transactions and schemes to provide things of value to foreign officials, including healthcare professionals (“HCPs”), in order to improperly influence them and increase sales of GSK products in China.This misconduct was facilitated in part by the use of collusive third parties that ostensibly provided legitimate travel and other services. The funds used for the improper inducements were frequently obtained under the guise of, and falsely recorded in GSK’s books and records as, legitimate travel and entertainment expense, marketing expense, speaker payments, medical associations payments, and promotion expense. Throughout this period GSK failed to devise and maintain a sufficient system of internal accounting controls and lacked an effective anticorruption compliance program.The deficiencies in GSK’s internal accounting controls and compliance program also led to instances of similar improper conduct in connection with sales in other countries in which GSK operates.”The conduct at issue focused on GlaxoSmithKline (China) Investment Co. Ltd. (GSKCI), a wholly-owned indirect subsidiary of GSK, based in Shanghai and Sino-American Tianjin Smith Kline & French Laboratories Ltd. (TSKF) a joint venture with Tianjin Zhong Xin Pharmaceutical Group Corp. Ltd and Tianjin Pharmaceutical Group Co. Ltd. in which GSK owns 55%.The Order states:“From at least 2010 to June 2013, employees and agents of GSKCI and TSKF engaged in transactions and schemes to corruptly transfer things of value to foreign officials in China to increase sales of pharmaceutical products. The payments were made to increase sales through increased prescriptions by individual HCPs [healthcare professionals] and purchases by hospital administrative staff responsible for product selection or purchase. The conduct occurred across all geographic areas within the sales and marketing functions and impacted all product lines.The corrupt payments took varied forms, including gifts, improper travel and entertainment with no or little educational purpose, shopping excursions, family and home visits, and cash. The costs associated with these payments were recorded in GSK’s books and records as legitimate expenses, such as medical association sponsorships, employee expenses, conferences, speaker fees, and marketing costs.These improper practices were pervasive among GSKCI’s and TSKF’s sales and marketing representatives and were condoned by regional and district managers. For example, a 2013 work plan submitted by a sales representative to a regional sales manager described the intent to pay, among other things, an HCP RMB 20/box of prescribed product every month, and deliver appropriate gifts on each holiday in exchange for a guarantee of more than 40 boxes of prescribed product every month.Among the ways employees were able to fund payments to HCPs was the use of collusive third party vendors, such as those used to perform planning and travel services for events involving HCPs. Between 2010 and June 2013, GSKCI spent nearly RMB 1.4 billion (USD $225 million) on planning and travel services. Test sampling showed that approximately 44 percent of the sampled invoices were inflated and approximately 12 percent were for events that did not occur.Controls weaknesses also permitted ostensibly legitimate speaker fees to be used to improperly influence HCPs. While GSK’s policies as of 2010 placed limits on the amount of fees paid to speakers per hour and by 2012 cumulatively per year, there was no effective system in place to ensure the actual identity of a speaker. Of approximately RMB 106 million (USD $17 million) spent by GSKI in speaker fees, approximately RMB 14 million (USD $2.2 million) was paid to persons whose qualification as an HCP could not be verified.Marketing programs were another mechanism used to improperly influence HCPs. For example, in 2010, GSKCI engaged a local vendor to facilitate a national marketing program called the Cold Chain Project. The project was intended to provide healthcare clinics with tools to facilitate the storage and administration of vaccines that required refrigeration. However, the project was instead used to provide HCPs with gifts such as laptops, tablets, and other electronic devices. Over the life of the project, GSKCI paid out RMB 14.6 million (approximately USD $2.3 million). The project was created and administered by senior marketing and sales managers of GSKCI. The clinics selected were based upon the potential to market additional pharmaceutical products.During this period, local internal audit and compliance reviews identified controls deficiencies and evidence of some mechanisms that were used to fund the improper payments, but they were treated as isolated instances rather than signs of a larger problem. For example, in 2013 a Sales Rep Office Audit was conducted by internal audit with respect to the Guangzhou office. Among the problems identified were:Issues of falsified POS slips and fake bank statementsIssues of fake invoices claimed from hotels and restaurants for sales meeting activities. These invoices came from a local preferred meeting agency used by the Guangzhou office.Compliance and New Employee training not timely completedSales employees’ salaries were significantly driven by commissions that could lead to an incentive to improperly inflate sales. The audit sampled 20 percent of the sales team for the office and found that for 41 percent their sales commission bonuses were greater than 50 percent of their income.As early as 2010, internal audit identified problems related to sales and promotions staff practices in China. Among other findings it noted:[d]uring 2010, several new policies governing commercial activities such as grants and donations and sponsorships were introduced. The significant changes, combined with the high staff turnover, contribute to an environment where many commercial and medical staff do not understand how to apply policies or the rationale behind them. This was evidenced by approval of non-compliant activities, a lack of clarity on which policy to apply for activities such as grants, and weaknesses in documentation to support the legitimate intent of activities such as advisory boards and sponsorships of HCPs to attend meetings.” Based on the above findings, the SEC found that GSK violated the FCPA books and records and internal controls provisions.Without admitting or denying the SEC’s findings, GSK agreed to pay a $20 million civil penalty. In addition, GSK agreed to report to the SEC “periodically, at no less than nine-month intervals during a two-year term, [regarding] the status of its remediation and implementation of compliance measures.”Under the heading “GSK’s Remedial Efforts,” the Order states:“In determining to accept the Offer, the Commission considered remedial acts promptly undertaken by Respondent and cooperation afforded the Commission staff.1. During the course of the investigation, Respondent provided prompt and regular briefings regarding its own internal investigation in China, and with respect to other countries. Respondent timely conveyed the facts it learned in the course of its own investigation, promptly responded to document requests by the Commission staff, and provided translations of documents as needed.2. Respondent also provided detailed and timely information regarding its remedial efforts, enhancements to its compliance program and implementation of key initiatives.3. Respondent made global changes to its business. This included the elimination of most payments to doctors, including fees to HCPs to speak about the Company’s prescription medicines, and altering the compensation structure for its sales force to eliminate incentive pay based on the number of prescriptions generated. Respondent enhanced its global risk assessment process, strengthened its monitoring and risk assessment tools, and increased its global compliance organization. Respondent also enhanced its third-party oversight program, including increasing the number and scope of third-party audits, and increased training and education of employees on anti-bribery issues.”last_img read more