Question

What lessons can U.S. multinationals learn from the political and bribery scandals in recent years, such as those affecting contractors doing business in Iraq (Halliburton) as well as large MNCs such as Siemens, HP, and others?  Discuss two.

Answer 1

Answer:

security and hygeone issue

Explanation:

Answer 2

Follow Corporate Governance and not to violate Foreign Corrupt Practices Act (FCPA)

Explanation:

• The combination of rules, procedures or laws by which corporations are managed, governed or regulated is corporate governance. The term covers internal and external factors affecting the interests of the parties involved in the business, including shareholders, clients, suppliers, public regulators and management. Good corporate governance ensures that disclosure procedures and accountability are regulated to provide reliable and correct information on the financial, operational and other aspects of the business to regulators and shareholders and the general public.
• It is illegal to influence other countries with payment or political contribution FCPA breaches may have significant consequences, including civil and criminal responsibility for both the company and its workers, including for those occurring entirely outside of the country. Sanctions have also risen in the past two years, and numerous regulatory measures have resulted in billions of dollars in fines.