Open AccessUS Businesses Code Of Ethics As An Instrument To Comply With The Foreign Corrupt Practices Act
Author(s) -
Paulina Diosdado De La Pena,
Presha E. Neidermeyer
Publication year - 2011
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v8i12.3198
Subject(s) - foreign corrupt practices act , compliance (psychology) , issuer , business , language change , scope (computer science) , code of conduct , order (exchange) , ethical code , accounting , corrupt practices , business ethics , public relations , enforcement , law , political science , finance , psychology , social psychology , art , literature , politics , computer science , programming language
The Foreign Corruption Practices Act (FCPA) makes illegal bribing foreign officials by any US issuer, domestic concern, any type of organization with major place of business in the US and any US citizens. This paper will focus on the extent to which the FCPA is included in the Code of Ethics of Fortune 500 companies as a method of showing the importance of compliance with the Act. The following sections analyze the scope and limitations of this Act, the official compliance mechanisms and internal policies and training developed by five Fortune 500 companies in order to abide by the FCPA.