Review the Debate Issue on page 295. Describe the pros and cons of each stance described. Your answers should be a total of two to three paragraphs for each stance. Each paragraph should contain three to five complex sentences. Write your answers to the following questions about Case 18, “Managing the Risks of Bribery in Business,” beginning on page 583. Your answers should total one to two paragraphs for each question. Each paragraph should contain three to five complex sentences.
What led to Pfizer’s, Siemens’, and Ralph Lauren’s violations of the Foreign Corrupt Practices Act? What are the differences between the provisions of the United States Foreign Corrupt Practices Act and the United Kingdom Bribery Act? Check for more recent situations where companies have been accused of violating the Foreign Corrupt Practices Act. Why do you think these companies chose to engage in bribery? Why is it so difficult to determine when a minor gift, an entertainment, or an incentive constitutes a bribe? What lessons can be learned from the companies described in this case study?