PART 1 In an interview published by The New York Times in February 1976, former Lockheed President A. Carl Kotchian defended the payment of bribes by the company as follows:
“Some call it gratuities. Some call them questionable payments. Some call it extortion. Some call it grease. Some call it bribery. I look at these payments as necessary to sell a product. I never felt I was doing anything wrong.”
More than 30 years later, Reinhard Siekaczek, an accountant employed by Siemens who oversaw an annual budget for questionable payments in excess of $50 million, stated:
“I never thought I would go to jail for my company. …We thought we had to do it. Otherwise, we would ruin the company. …People will only say about Siemens that they were unlucky and that they broke the Eleventh Commandment. The Eleventh Commandment is, ‘Don’t get caught.’”
Continue to Step 2: Educate Employees on the Foreign Corrupt Practice Act.
Although this part of the assessment is not graded, you still need to complete it and submit it. The activity is meant to help build your knowledge.
You have been hired to assist ABC Multinational Company to help educate employees on ethical practices and corporate culture. More specifically, related to the Foreign Corrupt Practices Act, your role is to prevent situations described in the scenario.
Create either a handout, job-aid, poster, or flyer to educate employees on the Foreign Corrupt Practice Act. Complete the following for your educational tool:
Explain what the employees should know regarding the Foreign Corrupt Practices Act.
Provide examples of Foreign Corrupt Practices Act violations.
Identify company actions or red flags that might indicate violations of the Act.
List consequences of violations.
Recommend actions to report possible violations.
Describe protections for whistleblowers. Why are they important? How do the protections impact the Act?
Submit your assignment.
ATTACHED For this assignment, refer to the scenario located in the “Questions & Problems” section of Ch. 2, “Business Ethics” in Dynamic Business Law.” This scenario involves Steven J. Trzaska, the head of L’Oreal USA’s regional patent team, and ethical rules and core values of the company.
Read the scenario in the textbook and continue to Step 2: WH Framework Chart and Explanation.
Create a WH Framework chart, similar to Exhibit 2.1. Refer to L’Oreal’s core values and the primary values in Exhibit 2.3 to determine the guidelines to include in the WH Framework.
Write an explanation of how you decided on the list of stakeholders and guidelines to include in your WH Framework. Address the following questions in your explanation:
Which stakeholders did Trzaska and the management of L’Oreal cater to? Why?
What values did L’Oreal’s management choose when they made the decision to fire Trzaska? Why?
Continue to Step 3: Self-Reflection.
Address the following self-reflection questions in addition to your explanation:
How did the WH Framework help you analyze the situation?
Now that you’ve put together the framework, how does the WH Framework help managers with making business decisions?
What type of decisions would the WH Framework chart help you make as a manager?
Submit your chart and answers.