Friday, October 18, 2019

Read the case and answer the questions(1 pages) Essay

Read the case and answer the questions(1 pages) - Essay Example Whatever name it is called, this is corruption. It would have been easier and non-criminating if Kwong had let the local firm complete the deal on its behalf. The agent firm could have sealed the deal professionally like it had done before with their foreign companies without bribery featuring anywhere. Kwong should not pay the commission to the servant because it is an act of corruption. It is not only unethical, the rightful authorities can take action against him if discovered. 3. Canada has risen over years to become one of the top countries to introduce tough laws to fight foreign corruption. The OECD (Organization Co-operation and Development) recommends Canada for its latest momentum in fighting the vice. Ottawa has for the last decade been at the forefront in creating reforms to fight corruption through federal initiatives like Corruption of Foreign Public Official Act. In its part, the OECD approved an amendment to the law to ensure that the bribery offense also applies to all kinds of companies even where there are huge profits. This is one single most influential amendment made on the law since 1999. The OECD’s anti-bribery group, which promoted the adoption of the OECD convention to fight corruption in foreign officials, also made it clear that a proposed change also extend the country’s anti-bribery jurisdictional scope. This allows the RCMP to prosecute the officials committed by Canadian firms and the Canadians anywhere around the world without necessarily having to establish any connection to Canada. It would therefore not be a good idea to pay for the

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.