business deals. The Lockheed Corporation was locked in a devastating international corruption scandal in 1975-1977. The company had given millions of dollars in gifts to foreign government officials, including Japan and Holland, so as to secure an aircraft contract. While this may have been done in good faith, the USA viewed such an act in light of grave corruption. In the investigation by the Securities Exchange
Words: 873 - Pages: 4
supplies a range of polymer substrates on which banknotes are printed by NPA and others. In July 2011, the AFP announced that it had charged two subsidiaries of the RBA, NPA and Securency, as well as six former banknote executives, with paying bribes to foreign officials 'in order to win banknote supply contracts. In August 2011, the AFP reported that a seventh individual had been charged. At the time, the RBA wholly owned NPA and owned 50 per cent of Securency. Facts related to various scandals and governance
Words: 1118 - Pages: 5
EAST WEST UNIVERSITY EMBA Program MKT502/EMBA_591: International Business /Business in the Global Environment Spring-2016 Group Assignment: Analysis of Selected Case Studies Instructions 1. Each group (six students, max.) will analyze the four cases attached herewith by answering the cases related questions. 2. Students are advised to apply relevant concept available in lecture materials, textbook, and/or any related sources while answering case related questions. 3. Length of each case analysis
Words: 3400 - Pages: 14
Case: Anglo American PLC in South Africa (from Lesson 5) 1 Who are the various stakeholders that Anglo American needs to consider as it adopts an effective HIV/AIDs strategy? - Anglo American employees and their families - Government bodies - Non- Profit organizations (NGOs)/ World Health Organization (WHO) - Competitors/ Other large mining concerns or companies operating in South Africa - Pharmaceutical companies - National Union of Mine Workers - Financial Institutions - Shareholders
Words: 1809 - Pages: 8
several employees and even executive board members were charged guilty in this scandal and imposed huge monetary fines for illegal and unethical behavior harming the business of the company greatly. Brooks and Dunn stated that the company developed a corrupt organizational culture “in which hundreds of millions of Euros were put into slush funds that were then used to pay bribes in order to obtain lucrative contracts” (Brooks and Dunn 290-291). There were several cases of such bribery scandals within
Words: 1268 - Pages: 6
Wal-Mart said it still is grappling with allegations that surfaced last April that it failed to notify law enforcement that company officials authorized millions of dollars in bribes in Mexico to gain favors. The Foreign Corrupt Practices Act forbids American companies from bribing foreign officials. The company has launched an internal investigation and is working with government officials in the U.S. and Mexico. In November, Wal-Mart said in a filing with the Securities and Exchange Commission that
Words: 348 - Pages: 2
and other business practices, and material road and communication networks. Topics like social responsibility, ethics and actual law, cultural differences, and foreign corrupt practices act of 1997 will be discussed. Finally, we will go through effect of political systems, pressure of international relations and effect of technology on overall business. Influence of Global Economic Interdependence & Effect of Trade Practices and Agreements Trade agreements, business practices and the economy
Words: 1300 - Pages: 6
TO: Audit Committee, Sonoma Corporation FROM: Gendron Consulting Company SUBJECT: Risk Analysis DATE: May 17, 2012 SCOPE OF ENGAGEMENT: The Audit Committee retained Gendron Consulting Company to determine the top three fraud risks (internal or external) that Sonoma Construction may face in its expansion into Nigeria. CONCLUSION: Moving into a developing country with a high rate of poverty creates a very sensitive and volatile environment. After a careful review
Words: 696 - Pages: 3
consider the fact that they need to target the specific groups and classes of people within a country because those groups may be dependent on the success of Toyota. I have also analyzed the effect of trade practices and agreements relating to Toyota, and found out that the effect of trade practices and agreements play a large role in Toyota’s strategies and operations within the boundaries of the countries. Next, when I examined the importance of demographics and physical infrastructure relating to
Words: 1043 - Pages: 5
Introduction to ethics Shannon Jennings Colorado Technical University Patricia Morriss Dilemma The act of offering and receiving bribes is entrenched in the people’s day to day lives with a view of receiving a monetary favor for the service rendered. Business organizations face it rough when they want to start new branches or even when aspiring business people launch into the market. Government official who are charged with the duty and responsibility of offering the necessary business licenses
Words: 671 - Pages: 3
