Problem: I need your opinion on this: You are the Vice President of Enterprise Risk Management of a large pharmaceutical company. You are in Bermuda on vacation.
You are advised by your chief of staff that the chief technology officer may have intentionally and knowingly allowed certain chemotherapeutic products to be sold knowing that they contained only fifty percent of the active ingredient of the product.
Do you contact law enforcement or conduct your own investigation? Fire the Chief Technology Officer?
Should HR be doing something? Should you terminate your vacation and return?
Do you have any special responsibilities as V.P. or ERM? Should you call your Public Relations agency?
Do you call a Board Meeting? Do you notify any other regulatory agencies?
Please analyze in the context of the nine step model.