internet is an example of how organizations can transport, generate, or initiate international sales in many countries which in turn opens many doors to great opportunities in marketing in addition to corporate social responsibility which is another practice used to improve situations in the workplace and in benefit society. Conducting domestic and global marketing business is all too familiar for Wal-Mart with over thousands of stores and super centers here in the United States. In addition to these…
Words 1077 - Pages 5
January 7, 2014 TABLE OF CONTENTS I. INTRODUCTION ………………………………………………………....…..……………....1 II. SECURITIES ACT OF 1933 AND 1934………………………….…....……….…………....1 II.1 SECURITIES AND EXCHANGE COMMISSION V. SUBAYE, INC ...……….....3 III. THE FOREIGN CORRUPT PRACTICES ACT OF 1977.………...…………...…………....4 III.1 THE BANANAGATE SCANDAL...………….……………………..…..………….5 IV. THE SARBANES OXLEY ACT.………...…………...………………..…………….……....6 IV.1 THE ENRON CORP. SCANDAL...………….……………………..…..………......7 V. CONCLUSION…
Words 2373 - Pages 10
interdependence and the effects of trade practices and agreements in the marketing. Also we will relate the significance of demographics and physical infrastructure variable while we examine the importance of social responsibility and ethics versus legal obligations firms consider prior to decisions. In this paper we will also analyze the effects of political systems and international relations starting with the case study summary of the Foreign Corrupt Practices Act of 1977, and the influence of local, national…
Words 1287 - Pages 6
the Foreign Corrupt Practices act began in 1970 when the U.S Securities and Exchange Commission launched an investigation over 400 U.S. companies. These companies admitted to making illegal payments to foreign officials, politicians, and political parties. These companies were guilty of facilitating payments in the result of trying to have a favorable action done to benefit their company by these foreign officials. When the act was signed into law by President Jimmy Carter on December 19, 1977 congresses…
Words 885 - Pages 4
FCPA PAPER The Foreign Corrupt Practices Act of 1977 (FCPA) evolved from investigations by the Office of the Special Prosecutor that provided evidence of illegal acts perpetrated by U.S. firms in foreign lands. More than 400 U.S. companies admitted to making questionable payments to various foreign governments and political parties as part of an amnesty program (U.S. Department of Justice http://www.usdoj.gov). Given the environment of the 1970s and the proliferation of white-collar crimes (e.g…
Words 1233 - Pages 5
common practice to issue low level bribes so as to get business license. This is used to avoid obstacles in carrying out business activities. An interview conducted by Kestenbaum revealed that bribery can be a good thing if given out for a good cause. Economist reasons that bribery boosts economic activities through speeding up process such as judicial, business and property management. It is important to note that the culture is common practice therefore the community supports the practice. Mr. Singh…
Words 725 - Pages 3
involving contracts and business relationship in foreign countries may appear to one raised in the United States as borderline, or blatant violations of ethical and legal codes such as the Foreign Corrupt Practices Act (FCPA). Bribery has been such an entrenched way of life in some cultures for so long, that there are slang terms: ‘mordida’ in Mexico, ‘baksheesh’ in some Arab countries, and so on. This may become a problem for U.S. managers working in foreign countries in several ways. This paper outlines…
Words 1618 - Pages 7
Michael West, a Sales Manager for International Harvester which sells farm machinery to the worldwide markets, was involved in a controversy. When International Harvester knew that West got a new contract with a Brazilian company because he gave $1000 to three Brazil government officials who recommended him to the local business groups, they fired him. In contrast, West thinks that he was being treated unfairly because paying small gifts is Brazilian culture. However, I think that International Harvester…
Words 816 - Pages 4
corruption, and the enforcement of those laws, is on the rise. Increasingly, governments are holding organizations strictly liable for the actions of individuals that represent them, not just employees but indirect agents, e.g. third parties, that often act on their behalf. The possible repercussions for an ethically intentioned multinational organization using third parties without awareness and oversight are enormous. The reputational damage, investigation and litigation fees, civil and criminal…
Words 1468 - Pages 6
I. a. (1). All citizens of the United States employed or terminated by U.S. companies operating abroad are covered under their anti-discrimination laws. – Applicable Laws: i. Title VII of the Civil Rights Act of 1964: Title VII of the Civil Rights Act of 1964 states, individuals are protected against discrimination on the bases of sex, religion, race, color, and national origin. It prohibits employees to be terminated based an assumption of their abilities and/or performance. Recruiting…
Words 1423 - Pages 6