Siemens Agrees to Record-Setting $800 Million in FCPA Penalties: The Siemens settlement in 2008 with the DOJ and SEC was one of the __________ settlements ever imposed in an FCPA case.
smallest |
||
largest |
Siemens Agrees to Record-Setting $800 Million in FCPA Penalties: The DOJ charged Siemens with a __________ offense.
civil |
||
criminal |
SEC Charges Siemens AG for Engaging in Worldwide Bribery: Based on this case, multi-national corporations should regard illicit payments to foreign officials as simply another cost of doing business.
True |
||
False |
SEC Charges Siemens AG for Engaging in Worldwide Bribery: The corruption alleged in the SEC's complaint involved more than __________ in bribes to government officials in Asia, Africa, Europe, the Middle East, and the Americas.
$1.1 billion |
||
$1.2 billion |
||
$1.3 billion |
||
$1.4 billion |
Answer:
1) Correct is B, which is "largest"
2) Correct is A, which is "Civil"
3) Correct is A, which is "True"
4) Correct is D, which is "$1.4 billion"
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Siemens Agrees to Record-Setting $800 Million in FCPA Penalties: The Siemens settlement in 2008 with the...
QUESTIONS 1. Consider the issues related to FCPA compliance and be prepared to address the following questions during an in-class discussion. You may need to do some additional research. a. Why is bribery often encountered when U.S. companies try to execute business in an international setting? (Consider the social, cultural, structural, legal, and ethical challenges.) b. Why do many nations, including the U.S., consider bribery wrong? c. What are the costs of bribery to: (1) the company doing the bribery,...
Discussion #5: Bribery
Go to pg. 304-306 of the text and read the "Daimler's" case on
bribery. Answer question #2 - "What internal controls could have
been usefully introduced to prevent bribery at Daimler?"
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