SOLUTION: University of Phoenix Foreign Corrupt Practices Act Presentation

Attached. Please let me know if you have any questions or need revisions.ABC MULTINATIONAL COMPANYINTRODUCTION TOFOREIGN CORRUPTPRACTICES ACTFOREIGN CORRUPTPRACTICES ACT(FCPA)NOTI CETO EM P LO YEE SNOTICETO EMPLOYEESABCABCMultinationalCompanyMultinationalCompanyappreciateseveryemployee’sappreciates every employee’s effortssupport in the dailyand effortssupportandin conductingconducting the daily companycompanybusiness.However,business.However,the theCompanyhas hasvaluesand andbusinessCompanyvaluesbusinessethicsatthatatitsethicsthat standsthestandsheart ofthe heart of its operations, andoperations, and this is treasured verythis is treasured very much bymuchthe managementand thethebymanagementand thestakeholders.stakeholders.The Foreign Corrupt PracticesAct enacted in 1977 prohibitscorrupt payments to foreignofficials in exchange forretaining business or obtainingit all together. As Passed bycongress, the FCPA is a resultof an investigation conductedon US companies revealingthat millions of dollars arespent yearly by companies topay foreign officials for thesake of attaining business. ABCMultinational Company is keenon adhering to the FCPAguidelines and encourages allits employees to adhere tostrictness.FOREIGN CORRUPTPRACTICES ACT VIOLATIONSThe various violations enacted in the FCPA are as follows:•The use of bribe to win a business deal; in this case, illegalfinancial incentives offered to win businesses are treated ascrime under this act. Therefore any form of payment to abusiness partner to influence the decision to acquire a businessis criminal as per the FCTA act.•The use of bribes to influence the approval of projects•Bribing medical personnel or any professional using financialincentives to use a product or endorse it. Example for doctorsand encouragement can be offered for them to support usingcertain drugs•Use of financial incentives or bribe to obtain business fromPolitical figures•Failing to maintain and structure accurate books and records forbusiness financial dealingThe above violations attract penalties and legal actions as follows:•For individuals and companies, the below penalties and feesapplies2″Fighting bribery inbusiness is a4.collectiveresponsibility.”COMPANY ACTIONS ON VIOLATION OF FCPA AND CONSEQUENCES OF VIOLATIONCOMPANY ACTIONSABC Multinational Company is driven by ethics and an ardentcorporate culture that embraces openness and integrity.TheCompany’s prim…

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