Review the scenario and complete the activity below. This scenario can also be found in the Questions & Problems section of Ch. 6, International and Comparative Law in Dynamic Business Law.
In an interview published by The New York Times in February 1976, former Lockheed President A. Carl Kotchian defended the payment of bribes by the company as follows:
Some call it gratuities. Some call them questionable payments. Some call it extortion. Some call it grease. Some call it bribery. I look at these payments as necessary to sell a product. I never felt I was doing anything wrong.
More than 30 years later, Reinhard Siekaczek, an accountant employed by Siemens who oversaw an annual budget for questionable payments in excess of $50 million, stated:
I never thought I would go to jail for my company. We thought we had to do it. Otherwise, we would ruin the company. People will only say about Siemens that they were unlucky and that they broke the Eleventh Commandment. The Eleventh Commandment is, Dont get caught.
You have been hired to assist ABC Multinational Company to help educate employees on ethical practices and corporate culture. More specifically, related to the Foreign Corrupt Practices Act, your role is to prevent situations described in the above scenario.
Create either a handout, job-aid, poster, or flier to educate employees on the Foreign Corrupt Practice Act. Complete the following for your educational tool:
Explain what the employees should know regarding the Foreign Corrupt Practices Act.
Provide examples of Foreign Corrupt Practices Act violations.
Identify company actions or red flags that might indicate violations of the Act.
List any consequences of the violations.
Recommend actions to report possible violations.
Describe protections for whistleblowers. Why are they important? How do the protections impact the Act?
Cite references to support your assignment.
Format your citations according to APA guidelines.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more