Foreign Corrupt Practices Act

Bed Bath & Beyond, Inc. has a policy of ethics that is used for all interaction and transactions of business with others internally and/or external of the Company. Whether it is employee to employee, employee to consumer, business to business or business to vendor, the Company’s ethical standards are expected to be abided by when acting on behalf of the Company. Any employee, including all associates, officers and board members, who violates the policy is liable to be subjected to disciplinary…

markets needs to be well-informed of the anti-corruption legislation, and of the CFPOA in particular. Offenses of this act can be punishable to jail time and fines, which is up to the discretion of the court. Along with criminal penalties, companies or corporations who are in violation of the CFPOA may be disqualified from federal government contracts in Canada, and from foreign government contracts financed by international organizations (Eljarrat). Further explanation of federal sentencing…

bribes to a foreign official. Therefore, even the profit that they received unlawfully will not qualify as satisfactory under individualism theory. From the time they started issuing the bribes, they knew they are doing something unlawful. Consequently, although the theory would support the idea that they may have harmed people in order to maximize profit and expand its business, individualism concept will not support them in this case because they achieved profits through illegal practices. On…

must be confined to the law. Being one of the most traded companies, Wal-Mart has already tarnished its name. This may carry grave consequences in both the present and the future. The fact that it is under investigation for violating the Foreign Corrupt Practices Act may add to its legal woes. Thus, Wal-Mart overlooked its legal responsibilities in its strategy of acquiring strategic physical locations in Mexico. Already, a Wal-Mart shareholder has sued the company over its malpractice in…

products in the Midwest. But, instead the executives made the best decision that could have been made. Recalling the product worldwide only showed where their morals and values lied. This is important to run a successful business. When considering opening a business there is a must to define the company’s belief. The Johnson & Johnson credo let the consumer see they are an organized company. They are dedicated to not only to their consumers, but their product. Being optimistic in the recall of…

purpose of influencing the action of an official in the discharge of his or her public or legal duties” (Lehman & Phelps, 2008). The practice of bribing generally stems from individuals who are ready to use illegitimate channels to capitalize on personal or corporate profit. However, there could be several other mitigating factors that drive people to partake in the act of bribery, which still ultimately lead to the same thing: profit. As a special advisor to Canada’s International Trade…

As the same as many business, money is always something that involves a business. It is not always good as many thinks it should be. The Guardian states “An Apple executive pleaded not guilty last to charges that he took bribes from Asian suppliers in return for inside information.” A global supply manager, Paul Devine, is accused of accepting more than $1 million dollars. The brib was spread out of years. He received these kickbacks accessories for Apple products. Devine appeared on federal…

United States v. Viktor Kozeny 1. Issue: The FCPA does not allow the giving of anything of value as a reward for an act or choice of a foreign official in his official capacity, any case of persuading such an official to commit or dismiss an act of infringement on the constitutional obligation of such an official, or acquiring a wrongful advantage to acquire or maintain business with or for any individual. The law does however afford an affirmative defense for disbursements that are…

Furthermore, according to Crowther and Aras (2008) there are three basic principles of CSR activities, which are sustainability, accountability and transparency. Furthermore, in order to keep a sustainable and successful business with open and transparent practices, the companies have to satisfy four aspects of CSR concept which are “economic, legal, ethical and philanthropic…of a given society at a particular point in time” (Crane and Matten, 2016). Samsung is a successful corporation in CSR,…

Introduction Thesis: In the wake of the Watergate scandal, Congress passed into law the Foreign Intelligence Surveillance Act of 1978 (“FISA”) to limit the power of the Executive Branch for the secret surveillance activities. Hence, to protect citizen privacy, FISA requires the government to attest that "the objective" of the surveillance is to gather foreign intelligence information. However, the difference between electronics surveillance conducted for national security and law enforcement…