ADMS 3660 Lecture Notes - Lecture 9: Foreign Corrupt Practices Act, Royal Dutch Shell, Corruption Perceptions Index

• School: York University
• Department: Administrative Studies
• Course: ADMS 3660
• Professor: Avraham Kleiman

Document Summary

Respect for core human values (i. e. , respect for human dignity, respect for basic rights, good citizenship), which determine the absolute moral threshold for all business activities. Context matters when deciding what is right and what is wrong. Previously, only u. s. had laws preventing companies from bribing foreign government officials (foreign. Due to oecd convention (1997), countries around the world are now promulgating laws preventing such activity. Canada now has legislation (corruption of foreign public officials act, 1999) ^new zealand; denmark; singapore; sweden; switzerland (u. s. 19th) Case: acres in oakville & bribery in lesotho. Acres international ltd. paid local agent, bam, to help win contracts as part of water project in lesotho, Bam sent acres no invoices, representative agreement not with bam but with unregistered firm with same address as geneva banker. Bam rarely in lesotho, received k as payment. Later discovered bam forwarded 60% of acres payments to sole (ceo of water project) and kept the rest.