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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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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