Siemens Bribery and Corruption Ethical Violation Case Essay

Siemens Bribery and Corruption Ethical Violation Case Essay

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Many ethical issues have been surfacing in the last decade due to the hand in hand prosper of international business globalization. The ethical concerns include corruption, bribery, human rights issues among many others. Business ethics is a form of professional ethics or applied ethics that examines moral or ethical problems that arise in a business enviroment. It involves the application of moral behavior to business situations (Adeyeye, 2012 p 22). Bribery is the offering, receiving, soliciting, and giving of something of value in order to influence an action of an official or company in offering of legal or public duties. A bribe is a gift that is bestowed in order to influence the recipients conduct and the extent of the influence are not made public. The item of value may be in terms of property or money. An example of a bribe and corruption case is the involvement of the Siemens Company in bribe actions in the production of identity cards in Argentina (Bray, 2005 p 66).
Siemens is a multinational German Conglomerate company headquartered in Munich. Siemens Company is the largest electrical engineering and Electronics Company that transacts in the fields of energy, healthcare and industry (Posner, 2009 p 34). It is has six main divisions which include Siemens IT solutions and services, Equity investment and Siemens financial services. Siemens bribe case in Argentina was not the first one. In 2008, the company decade’s long bribery scheme of 1.3 billion U.S dollars shocked the World (Bray, 2005 p23). The company was accused of posting secrets of other business competitors. The continuous Siemens scandals shows that the company has failed to establish an ethical enviroment and ethical corporate culture.
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References
Adeyeye, A. (2012). Corporate social responsibility of multinational corporations in developing countries: perspectives on anti-corruption. Cambridge, Cambridge University Press.
Biegelman, D. R., & Biegelman, M. T. (2013). Foreign corrupt practices act compliance guidebook protecting your organization from bribery and corruption. Hoboken, N.J., Wiley. http://rbdigital.oneclickdigital.com.
Bray, J. (2005). The use of intermediaries and other alternatives to bribery. The New Institutional Economics of Corruption, London und New York, 93-111.
Schubert, S., & Miller, T. C. (2008). ‘At Siemens, Bribery Was Just a Line Item. New York Times, 21.
Posner, R. A. (2009). Utilitarianism, economics, and legal theory. J. Legal Stud., 8, 103
Van der L. H. (2008). Kantian ethics and socialism. Indianapolis, Hackett Pub. Co.

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