Review the scenario and complete the activity under. This scenario may also be present in the “Questions & Issues” part of Ch. 6, “Worldwide and Comparative Regulation” in Dynamic Enterprise Regulation.
In an interview revealed by The New York Instances in February 1976, former Lockheed President A. Carl Kotchian defended the fee of bribes by the firm as follows:
“Some name it gratuities. Some name them questionable funds. Some name it extortion. Some name it grease. Some name it bribery. I take a look at these funds as essential to promote a product. I by no means felt I used to be doing something unsuitable.”
Greater than 30 years later, Reinhard Siekaczek, an accountant employed by Siemens who oversaw an annual price range for questionable funds in extra of $50 million, said:
“I by no means thought I’d go to jail for my firm. …We thought we needed to do it. In any other case, we’d break the firm. …Folks will solely say about Siemens that they had been unfortunate and that they broke the Eleventh Commandment. The Eleventh Commandment is, ‘Don’t get caught.’”
You could have been employed to help ABC Multinational Firm to Help educate staff on moral practices and company tradition. Extra particularly, associated to the Overseas Corrupt Practices Act, your function is to forestall conditions described in the above scenario.
Create both a handout, job-aid, poster, or flier to coach staff on the Overseas Corrupt Observe Act. Complete the following to your academic instrument:
Clarify what the staff ought to know concerning the Overseas Corrupt Practices Act.
Present examples of Overseas Corrupt Practices Act violations.
Determine firm actions or pink flags which may point out violations of the Act.
Record any penalties of the violations.
Advocate actions to report potential violations.
Describe protections for whistleblowers. Why are they essential? How do the protections impression the Act?
—–
Complete the activity under after reviewing the scenario. This case may also be present in Dynamic Enterprise Regulation’s Ch. 6, “Worldwide and Comparative Regulation,” underneath the “Questions & Issues” part.
Former Lockheed President A. Carl Kotchian defended the firm’s fee of bribes in an interview revealed in The New York Instances in February 1976:
“It is known as gratuities by some.” Some name them questionable funds. Some name it extortion. Some name it grease. Some name it bribery. I take a look at these funds as essential to promote a product. I by no means felt I used to be doing something unsuitable.”
Greater than 30 years later, Reinhard Siekaczek, an accountant employed by Siemens who oversaw an annual price range for questionable funds in extra of $50 million, said:
“I
