ACC 543 UOPX ABC Multinational Company Presentation

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Fbzoereb

Business Finance

ACC 543

University of Phoenix

ACC

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****SCENARIO ATTACHED****

For this assignment, refer to the scenario located in the “Questions & Problems” section of Ch. 6, “International and Comparative Law” in Dynamic Business Law. This scenario puts you in a place to assist ABC Multinational Company to help educate employees on ethical practices and corporate culture.

Read the scenario in the textbook and complete the activity below.

Create either a handout, job-aid, poster, or flyer to educate employees on the Foreign Corrupt Practice Act. Complete the following for your educational tool:

  • Explain what the employees should know regarding the Foreign Corrupt Practices Act.
  • Provide examples of Foreign Corrupt Practices Act violations.
  • Identify company actions or red flags that might indicate violations of the Act.
  • List consequences of violations.
  • Recommend actions to report possible violations.
  • Describe protections for whistle blowers. Why are they important? How do the protections impact the Act?

Cite references to support your assignment.

Format your citations according to APA guidelines.

Unformatted Attachment Preview

7. In an interview published in 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'd 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.” Given these attitudes, is the Foreign Corrupt Practices Act likely to result in a change in corporate culture at multinational businesses? Is the FCPA a success or a failure to the extent that its prohibitions are not taken seriously, as demonstrated by the above statements?
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Explanation & Answer

Attached.

ABC
MULTINATIONAL
COMPANY EMPLOYE
E HANDOUT ON
FCPA GUIDELINE

UNDERSTANDING FOREIGN CORRUPT
PRACTICES ACT
• it is essential to note that the Foreign Corrupt Practices Act prohibit any firm or individual from the
united states in giving any brie to a foreign official to seal a business deal (Pontes Vianna, 2018)
•To enforce this act, both securities and exchange commission and the department of justice have
been given the responsibility.
•The co-function of this act is to create a level field for all American businesses that operate in the
international market
•As an employee, be sure to understand that the primary function of the act is to prohibit cases of
bribery, reduce corruption and abuses of power on th...


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