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Civil society

Risk assessment

In accordance with law no. 2016-1691 of December 9, 2016 regarding transparency, the fight against corruption and modernization of economic life, Sapin II, in 2017, Virbac carried out a corruption risk analysis in all of its subsidiaries and the parent company (a total of about thirty companies). The goal was to identify, assess and prioritize the risks in order to produce corruption risk mapping in the Group. All work will be completed in the first quarter of 2018, after being approved by the executive board.

Communication and training on policies and procedures to fight corruption

In 2014 and 2015, specific training courses on the risks of corruption were carried out among many managers and leaders: general managers of European subsidiaries, chief financial officers in Latin America and APISA (Asia-Pacific-India-South Africa), key managers of the Indian and Uruguayan subsidiaries. In 2015, dedicated training was also organized with all employees at the Virbac Chinese subsidiary. To complement these efforts, training carried out from July 2015 as part of the deployment of the code of conduct provided the opportunity to discuss the risks of corruption with a large number of employees and to remind everyone of the rules in force in the anti-corruption field. This training involved four subsidiaries in the Apisa area, two subsidiaries in the Latin America area, the APISA regional team and some internationally-recruited new entrants in key positions. In 2016 and 2017, Virbac continued its efforts in the fight against corruption. Virbac has updated its Group anti-corruption policy, which is now available in ten languages and accessible to all Group employees via the Intranet, and is included in internal regulations for French Group subsidiaries. The members of the executive board, the members of the strategic committee, the members of Comex in France and the Group's subsidiary managers signed a document formalizing their commitment to comply with this policy.

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