BUS 447 Lecture Notes - Lecture 2: Foreign Corrupt Practices Act, United States Department Of Justice, U.S. Route 73

• School: Stony Brook University
• Department: Business Management
• Course: BUS 447
• Professor: Margot Palermo

Document Summary

Outlaw bribing officials of foreign nations in order to gain business. Oecd: trying to create global policy, promotes policies, anti-bribery convention. G20 adopted foreign bribery principles based on shared information: defined as unlawful act. From 0 100: bigger numbers = better. Greatest perceived corruption somalia, north korea, afghanistan. Trust worthy tend to have better economic standing. Malaysia = worst and accepting most bribes. Executive received email stating that walmart mexico paid bribes to build in certain areas in mexico. One of the highest job producing in mexico. Also profitable said it made sense to accept bribery and pay whatever fines they had to. Hire child from chinese official in return for business opportunity in china. Press companies to bar employees from using messaging systems that are not permanent. Consistent process & outcomes to protect a fair system. Small business opportunities & developing countries have opportunity to compete. Increase trust and increase investment ideally increase the economy.