search query: @indexterm BUSINESS ETHICS / total: 1509
reference: 162 / 1509
| Author: | Weisman, M.F. |
| Title: | The Foreign Corrupt Practices Act: the failure of the self-regulatory model of corporate governance in the global business environment |
| Journal: | Journal of Business Ethics
2009 : SEP II, VOL. 88:4, p. 615-629, 630-661 |
| Index terms: | corporate governance business ethics corruption bribery regulations models legislation USA |
| Freeterms: | legal cases |
| Language: | eng |
| Abstract: | The American regulatory model of corporate (hereafter as: corp.) governance fails to achieve regular compliance with baseline ethical and legal behaviours (herein as: beh/s.), based on the evidence by repeated corp. failures with the most recent being the cases of Enron, Refco, and WorldCom. The U.S. anti-bribery initiative, the Foreign Corrupt Practices Act (FCPA), prohibits illegal and unethical payments made to foreign public officials in aiming to abolish bribery as a rational choice global market entry strategy. Using statistics from 1977 to 2008, it is indicated that there has not been a drastic influence by the FCPA on U.S. global corp. beh/s. despite its high profile coverage and the tough regulatory discussion on corp. compliance. |
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