Review the scenario and complete the activity below. This scenario may 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 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 destroy the firm. …Individuals will solely say about Siemens that they have been unfortunate and that they broke the Eleventh Commandment. The Eleventh Commandment is, ‘Don’t get caught.’”
You’ve gotten been employed to help ABC Multinational Firm to Help educate staff on moral practices and company tradition. Extra particularly, associated to the International Corrupt Practices Act, your position is to stop conditions described in the above scenario.
Create both a handout, job-aid, poster, or flier to teach staff on the International Corrupt Follow Act. Complete the following on your academic device:
Clarify what the staff ought to know relating to the International Corrupt Practices Act.
Present examples of International Corrupt Practices Act violations.
Determine firm actions or purple flags which may point out violations of the Act.
Listing any penalties of the violations.
Advocate actions to report potential violations.
Describe protections for whistleblowers. Why are they essential? How do the protections influence the Act?
