Review the scenario and complete the activity beneath. This scenario will also be present in the “Questions & Issues” part of Ch. 6, “Worldwide and Comparative Legislation” in Dynamic Enterprise Legislation.
In an interview printed by The New York Instances in February 1976, former Lockheed President A. Carl Kotchian defended the cost 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 have a look at these funds as essential to promote a product. I by no means felt I used to be doing something improper.”
Greater than 30 years later, Reinhard Siekaczek, an accountant employed by Siemens who oversaw an annual finances 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 might break the firm. …Individuals 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 may 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 position is to forestall conditions described in the above scenario.
Create both a handout, job-aid, poster, or flier to teach staff on the Overseas Corrupt Apply Act. Complete the following to your instructional software:
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 that may point out violations of the Act.
Checklist any penalties of the violations.
Suggest actions to report attainable violations.
Describe protections for whistleblowers. Why are they vital? How do the protections influence the Act?
