How Should Multinationals Deal with Demands for Bribes Abroad? What

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The Answer is Multinationals should deal with demands for bribes abroad by refusing to engage in any form of bribery or corruption. Instead, they should adhere to ethical business practices and comply with the laws and regulations of the countries in which they operate. This may involve implementing strong anti-corruption policies, conducting thorough due diligence on business partners and third-party intermediaries, and providing comprehensive training to employees on the importance of ethical conduct.

In addition to refusing to pay bribes, multinationals should also avoid other questionable practices such as kickbacks, extortion, and money laundering. These practices not only violate the law but also damage the reputation and credibility of the company.

I agree with the basic tenets of the Foreign Corrupt Practices Act (FCPA), which prohibits the payment of bribes to foreign officials for the purpose of obtaining or retaining business. The FCPA promotes transparency, fairness, and integrity in international business transactions, and helps to level the playing field for companies that choose to compete based on the quality of their products and services rather than through corrupt means.

Overall, multinationals should prioritize ethical conduct and compliance with anti-corruption laws, and should take proactive measures to prevent bribery and other questionable practices. This not only protects the company from legal and reputational risks but also contributes to a more sustainable and ethical global business environment.

How Should Multinationals Deal with Demands for Bribes Abroad? What

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