70 and 141 of the Criminal Code Act 1995 Assessing the ‘facilitation payments’ defence to the Foreign Bribery offence and other measures Public Consultation Paper 15 November 2011 Disclaimer: This document is designed to inform discussion of issues. It does not necessarily reflect the views of the Commonwealth, or indicate a commitment to a particular course of action. Contents Introduction 1 The Foreign Bribery offence 1 The facilitation
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4/25/2012 | | Wal-Mart “From 5 & Dime to Payouts, Corruption, & Greed” | As Michael T. Duke, President and Chief Executive Officer of Wal-Mart said, “One of the most gratifying days for me during the past year was the important sales day after Thanksgiving in the United States. As I walked through one of our stores, the engineer in me loved seeing the efficiency and smoothness of how our operations executed and performed
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Euro Disney: The First 100 days Lessons Learnt: There is the need to target a specific culture in countries where there are many. Trade agreements with countries are necessary, if possible, to facilitate smooth operations. The different culture of the country should be put in high consideration when expanding a company. Marketing Strategies: Involvement of the local people in the process of operating the park. Involvement of the government in terms of providing assistance
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The Shakedown | March 16 EBC | This report analyzes what actions should be taken to sustain business after a situation which may damage future business enterprises. | Analytical Report | 3/16/2013 Dear Mr. Zhuk, I have taken the initiative to provide you with some options to help you with your business situation. As you know, starting a profitable business in a developing country can be very rewarding because of several reasons. However, it is a challenge to abide by the law when bribery
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Olympics Committee to select Salt Lake City as the site of the 2002 Winter Olympics. There can be a very fine line between what is considered lobbying and bribery, and this situation walks this line narrowly. There are few differences between the acts of bribery and lobbying, but the few details are enough to separate one from legal implications. Lobbying is typically described as giving money as contribution to political groups in exchange for hoped-for favorable treatment when certain legislative
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interdependence also the effect of trade practices and agreements. The third subject will cover the importance of demographics and physical infrastructure; also this section will analyze the influence of cultural differences. The fourth subject will cover the importance of social responsibility and ethics versus legal obligations. The fifth subject will analyze the effect of political systems and the influence of international relations; also the Foreign Corrupt Practices Act of 1977 will be analyzed, also
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Jextra Neighbourhood Stores in Malaysia A Critical Analysis Sharon D. Doherty-Ritter UMUC AMBA 660 Professor Mike Shin Introduction Jextra Stores is a large Asian grocery retailer based in Hong Kong, China and is owned by Sin Lim Holdings, a large publicly traded industrial group. Jextra operates supermarkets, hypermarkets, and convenience stores in Hong Kong, China, Philippines, Viet Nam, Malaysia, Thailand and Singapore. Jextra entered Malaysia, a stable and prosperous
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Bribery Scandal Case Summary This case covers the scandal at Siemens AG in 2006, 2007 which consisted of employees bribing foreign officials. Siemens employees made slush funds specifically for the purpose of gaining an unfair advantage to win contracts. They also were accused of bribing officials of the labor board in return they would give support for Siemen’s policies. Siemens office in Germany was raided and an official investigation was started. In other countries they were investigated subsequently
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190 countries and reported global revenue of approximately €78.3 billion in 2012. The company has been the subject of a number of controversies in its history. There were a series of scandals that involved some of the company's employees bribing foreign officials to gain contracts and creating slush funds for this purpose. In 2008, it was revealed that Siemens had bribed the two main political parties of Greece for approximately 10 years to be the sole provider of mechanical and electrical equipment
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Dilemma: Putting It into Practice Guanxi: Networking or Bribery? Issue Presented: Should a business leader in China encourage a manager to run for office? Engage in guanxi lobbying to encourage district leaders to impose stiffer emissions and mileage requirements for heavy trucks? Hire the son of a prominent local official? Whenever engaging in international business development, managers are expected to exercise their responsibilities according to the laws and practices of the countries where
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