We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Managerial Implications Essay Sample

The whole doc is available only for registered users OPEN DOC
  • Pages:
  • Word count: 513
  • Category: contract

A limited time offer!

Get a custom sample essay written according to your requirements urgent 3h delivery guaranteed

Order Now

Managerial Implications Essay Sample

1. How important is the role of the U.S. Government Agency in this transaction in relation to the DOJ’s decision? I believe the role of the U.S. Government Agency in the Foreign Corrupt Practices Act Review Opinion Procedure Release 10-01, may be somewhat critical. In the case assignment, the facts and circumstances, as represented by the Requestor are legal and the Department’s conclusion to not taken any enforcement action with respect to the proposed service contract is a valid one. Although the Requestor is contractually bound to hire and compensate the individual as directed by the U.S. Government Agency. The Requestor did not play any role in selecting the individual, who was appointed by the Foreign Country based on the individual’s qualifications. The individual being hired as a Foreign Officer does not relate to the Facility and the services that the individual will provide as Facility Director are separate and apart from those performed as a Foreign Officer – the individual is being hired pursuant to an agreement between the U.S. Government Agency and the Foreign Country.

The DOJ further explains its determination not to take action under the specific facts provided by the Requestor and should. In declining to take enforcement action, the Department considered the steps that the Requestor and the Foreign County have taken here to comply with the FCPA and other anti-bribery laws. 3. Does the amount of money paid to the foreign official have any official bearing on this decision? Unofficial? Facilitating or expediting payments should only be made if necessary to protect human health or safety. Any facilitating or expediting payment made to protect human health or safety must be accurately and fairly recorded in the Company’s books and should be reported to the Employee & Executive Protection Manager and the Law Organization as soon as possible. The amount of money paid to the foreign official has no bearing on the decision made by DOJ. The individual is being hired to perform as a Foreign Officer and a Facility Director and keeping those two positions separate from one another. Managerial Implications, Part 4, Ch. 17

3. Why did Siemen’s internal efforts to stop corruption not result in more lenient treatment from the U.S. government? Siemens violated the FCPA by engaging in a widespread and systematic practice of paying bribes to foreign government officials to obtain business. They failed to implement adequate internal controls to detect and prevent violations of the FCPA. Elaborate payment mechanisms were used to conceal the fact that bribe payments were made around the globe to obtain business. False invoices and payment documentation was created to make payments to business consultants under false business consultant agreements that identified services that were never intended to be rendered. Illicit payments were falsely recorded as expenses for management fees, consulting fees, supply contracts, room preparation fees, and commissions. Siemens inflated UN contracts, signed side agreements with Iraqi ministries that were not disclosed to the UN, and recorded the ASSF payments as legitimate commissions despite UN, U. S., and international sanctions against such payments.

We can write a custom essay

According to Your Specific Requirements

Order an essay
Get Access To The Full Essay
Materials Daily
100,000+ Subjects
2000+ Topics
Free Plagiarism
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59
Become a Member