MGT 357 Lecture Notes - Lecture 4: Multinational Corporation, Whistleblower, Protectionism
Document Summary
Varied expectations about the use of technological devices/programs as they intersect with people"s private lives. Organization for economic cooperation and development convention on bribery. Policies to help multinational corporations to confront concerns about ethical behavior and social responsibility. Plan regular assessment of the company"s ethical posture. If ethical problems cannot be resolved, withdraw from that market. Consult the international codes of conduct for multinational enterprises. Consult the company"s code of ethics and established norms. Consult the laws of both the home and the host countries. Process for companies to combat corruption and to minimize the risk of prosecution. Having a global compliance system which shows that employees have understood, and signed off on, the legal obligations regarding bribery and corruption in the countries where they do business. Making employees aware of the penalties and ramifications for lone actions, such as criminal sanctions. Having a system in place to investigate any foreign agent and overseas partners who will be negotiating contracts.
