Ethical Leadership in the Pharmaceutical World

Posted on 19th April 2024

Lisa LeCointe-Cephas, a chief ethics and compliance officer, embodies leadership which ethically uses AI.

To generalise, Lisa is advocating a new era of ethical leadership. Lisa wishes to keep her business on an ethical pathway by advising wisely and thinking ahead for the future. This involves contributing to enhancing health outcomes in the world.

In 2024, there are a range of difficulties leaders are faced with across a range of different industries. One particular challenge is the emergence of AI.

With the current rise of artificial intelligence, also known as AI, experts are faced with many ethical dilemmas. The unknown possibilities of AI are creating blurred lines of what is right and what is wrong. This is leaving workers in need of assistance to make the best decisions for their businesses, whilst being ethical. Due to the stakes rising so high, ethical leaders need to step up to take control of these technological advancements and how these advances are used within the business, especially in the pharma world.

Taking control of AI requires compliance to protect the most vital resources that pharmaceutical businesses hold, which includes personal and intellectual property.

However, this is not the first big change for compliance and ethics leaders in the pharma world. Around six years ago, some pharma companies changed from a rules-based policy to a principles-based system.

The likes of AI, including ChatGPT, have become consistent topics around ethical issues and compliance issues in business. The use of automation to enhance processes can come with risk factors.

AI has the potential to change the landscape of the pharmaceutical industry.

Despite this, AI is an ever-evolving technology which requires compliance and tracking. This means that one day laws will need to be put in place to keep on top of the ever-changing technology.

The government shouldn’t wait to see what happens with AI, because this could be dangerous. Instead, preventive action needs to be taken now by putting laws in place to keep all stakeholders safe who use and could be impacted by AI.

On top of this, Lisa advocates for businesses to offer more STEM initiatives and internships as well as career development programs for their workforce. By offering these types of initiatives, leaders will benefit from an upskilled workforce.

In leadership, Lisa believes in building on existing experiences and creating an open platform for other voices.

What makes a good ethical leader?

Being intentional, focused and flexible can form a strong basis for leadership. Leaders from all industries can take on these practices to enhance their leadership skills.
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