legal obligations regarding bribery and corruption in the countries they do business.” “Making employees aware of the penalties and ramifications for lone actions, such as criminal sanctions.” “Having a system in place to investigate any foreign agents and overseas partners who will be negotiating contracts.” “Keeping an effective whistle-blowing system in place.” (p. 46)
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performance, and competitiveness in the region as well as Mr. Chong’s career. The major social issues include those related to law, culture, and ethics. The report also analyzes anti-bribery corruption enacted by the U.K Bribery Act and the U.S. Foreign Corrupt Practices Act (FCPA). The report concludes with recommendations to Jextra such as seeking proper legal advice, implementing an effective business code of conduct, providing inter-cultural and ethics training to managers, using a geocentrism
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over 200 countries ("Our Company", 2014), meaning the Coca-Cola Company is successful at considering the various effects and influences pertaining to global and domestic marketing. * Global Economic Interdependence, Trade Practices and Agreements * In many cases, foreign countries and their economies rely on each other more than ever. Some countries have an abundance of natural resources or raw building materials, while others focus on agriculture as the main source of their gross domestic product
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followed in order to control benefits, which can be considered proper within the business loop. The new bill will make it easier to reprimand Swedish companies that use bribery and corrupt negotiators in business transactions internationally. Sweden’s new bill is in correlation to the Foreign Corrupt Practices Act in the United States, “which forbids U.S. companies from bribing government officials or political candidates in other nations” (Wild & Wild 90). According to our text book a bribe is
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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
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Week Six Reflection Since the inception of the Sarbanes-Oxley Act, companies are finding it more difficult to understand the mounting government regulations imposed on conducting business here and abroad. The trends that exist because of corruption within the business world are astounding; however, aggressive enforcement by the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Foreign Corrupt Practices Act (FCPA) has brought compliance process systems into the forefront
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When speaking in terms of a legal and ethics business environments you have two debated legal and ethical issues, which are differentiating the differences between “lobbying” and “bribery”. The difference between the two is “lobbying” is the act of supporters of who agree with your opinion and have a particular interest in which you’re pursuing. With that they will take in consideration and appeal on your behalf towards changing certain policies and laws and campaign for the change you would
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their operating income decreased by 3.1%. The decrease in operating income was the result of several increased expenses in 2013. These expenses included increased investments in e-commerce initiatives, increased expenses related to the Foreign Corrupt Practices Act (FCPA) inquiries and investigations, global compliance program, and organizational enhancements (Wal-Mart, 2014). The global strategy for Wal-Mart is “Every Day Low Cost” because Wal-Mart believes in helping people save money and stretching
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3. To create employment 4. To generate social welfare 1. The notion of company loyalty, according to Shaw, is 1. Outdated 2. Trendy 3. Commonplace 4. Rare 1. What is the primary source of an organization’s right to expect employees to act on its behalf? 1. Common decency 2. Morality 3. Common law 4. Contract 1. The buying or selling of stocks by business insiders on the basis of information that has not yet been made public is 1. Insider trading 2. Business broking 3. Hedging
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Mod 12 1) Multi-national corporations are becoming more common than we ever assumed. Most aspects of our products we use are made in a foreign country and then assembled and sold in an American market. It is not common that an American based product is made popular based on their sales in a foreign market place. We out source out business because it makes more sense and costs less money to operate which enables these companies to make turn a higher profit margin. As an American company we have
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