Examples of Corporate Integrity Agreement in a sentence
The directors were acutely aware of their obligations under the Corporate Integrity Agreement because, in 2009, Purdue had to report to the Inspector General of the U.S. Department of Health and Human Services that it had not immediately trained a new director on the Agreement.
The Agreement required Purdue to appoint a Compliance Officer who would “be a member of senior management of Purdue,” “make periodic (at least quarterly) reports regarding compliance matters directly to the Board of Directors,” and “be authorized to report on such matters to the Board of Directors at any time.” The Corporate Integrity Agreement was built on the idea that the directors would ensure that Purdue never deceived doctors and patients again.
The Corporate Integrity Agreement included the directors as “Covered Persons” from 2007 through 2012.
As part of the plea agreement in 2007, Purdue agreed to a detailed Corporate Integrity Agreement with the U.S. government.
Every year since the 2007 guilty plea and Corporate Integrity Agreement, Purdue’s directors received warning signs about Purdue’s ongoing misconduct and opportunities to stop it.