Ethical Issues and International Business

It has been very evident, that bribery has been an ongoing problem with people and caperes worldwide. umpteen foreign officials physical exertion bribery in everyday clientele while the USA prohibits it. The U.S. has established the FCPA (Foreign Corrupt Practices Act of 1977), which clear states that it generally prohibits U.S. companies and citizens, foreign companies listed on a U.S. stock exchange, or any soulfulness acting while in the united States, from corruptly paying or offering to pay, directly or indirectly, money or anything of value to a foreign official to obtain or retain business. (Foley & Lardner LLP, 2009) This act is use to combat the ongoing problem of bribery. Bribery is not totally a business issue; it is also an ethical one. for each one decision that a person makes can show how ethically developed an individual is. In the same respect, every person is not developed ethically the same. There are many another(prenominal) factors such as culture, family and environment that are a vary of ethical development. The concept of bribery can be ethically evaluated best, by the idea of respect for persons. The concept of respect for persons understandably states that it is always wrong to take unfair advantage of others for private gain. (Goree, 2007 p 137)
To explain this, lets take the undermentioned situation for example. A U.S.



telecommunications corporation called Geletex (AIU online, 2009) is trying to expand its business worldwide. Its director of compliance Jed Richardson (AIU online, 2009) is responsible for training employees, running an employee ethics hotline, and implementing the companys code of ethics it has had since 1975. He has been confront with double standards on its operations in both the U.S. and in other countries. Upon reviewing financial records in the Lima, Peru office, he has noticed that there have been unusually high commissions paid to the employees. From his experience, many businesses use this to disguise payments made to secure the contracts that are...If you want to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper