Assignment Content 1. Top of Form 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...

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Assignment Content


1.


Top of Form



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 (eText, pg. 157)
.




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, ‘Don’t 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:


o Explain what the employees should know regarding the Foreign Corrupt Practices Act.


o Provide examples of Foreign Corrupt Practices Act violations.


o Identify company actions or red flags that might indicate violations of the Act.


o List any consequences of the violations.


o Recommend actions to report possible violations.


o 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.

Answered 2 days AfterApr 01, 2021

Answer To: Assignment Content 1. Top of Form Review the scenario and complete the activity below. This scenario...

Sugandh answered on Apr 04 2021
135 Votes
1
Practical Analysis
Introduction
The paper is analysis which explains that the employees on ethical practices and corporate culture specially related to the Foreign Corrupt Pra
ctices Act. It explains the analysis in five pointers as listed in the paper followed.
What the employees should know regarding the Foreign Corrupt Practices Act
The Foreign Corrupt Practices Act of 1977, as amended, 15 U.S.C. §§ 78dd-1, et seq. ("FCPA"), which provides a format of rules and regulations as to what payments are unlawful and for whom such payments are prohibited especially in relation to the foreign payments and the government officials (Arbatskaya, & Mialon, 2020). It actually keeps a check on the segment of FCPA which defines the concept of bribes which will help in support in the retaining business. Further, it explains the prohibition which will provide correct limit on the commerce corruptly in furtherance along with the payment and promise whether being in a direct or indirect format.
Examples of Foreign Corrupt Practices Act violations
· Embezzlement of assets is also a major issue which is counted as Corrupt Practices.
· Fraud in Tax evasion which is counted as Corrupt Practices.
· Unlawful Transactions and Disclosure which is counted as Corrupt Practices.
· Misstatement of the Accounts in an intentional and a deliberate manner which is counted as Corrupt Practices.
· Unaccounted and Unregistered as well as Un documented Transactions
· Commercial Kickbacks which is counted as Corrupt Practices.
· Wrongful Afflation’s which is counted as Corrupt Practices.
·
Company actions or red flags that might indicate violations of the Act
· The main analysis is on account of the organization which deals in the intentional along with the misstatement along with the financial annual...
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