Reference no: EM132903325

RE: Foreign Corrupt Practice Act of 1977

Your comprehensive and well-researched discussions emphasize the importance of the FCPA or the Foreign Corrupt Practices Act of 1977, especially in light of your statement that,

"DB employees and senior managers are prohibited from receiving, accepting, offering, paying, or authorizing any bribe or any other form of corruption as a commitment to comply with local and international anti-corruption and anti-bribery laws."

In that regard, according to Lee (n.d.), to prevent U.S. companies from engaging in the payment of bribes, which is pervasive when conducting international business, Congress enacted the Foreign Corrupt Practices Act (FCPA). The FCPA makes it illegal for U.S. companies, or their officers, directors, agents, or employees, to bribe a foreign official, a foreign political party official, or a candidate for foreign political office. However, a bribe is illegal only if it is meant to influence the awarding of a new business or the retention of continuing business activity ("Topic: 11.8. The Foreign Corrupt Practices Act").

Most other nations do not have a law similar to the U.S. FCPA, making it easier for them to conduct business globally because bribes are the norm in some countries. Therefore, a criticism of the FCPA is that it seeks to export United States morality and affect the United States' ability to conduct business globally.

Based on your readings and research and my response, please respond to the critical thinking questions below.

Critical thinking questions:

(1) What is your opinion of the FCPA criticism? Is it valid, and why?

(2) What are the similarities between the United Kingdom's 2010 Bribery Act that presumably was passed by the United Kingdom to emulate the United States' efforts to combat bribery in global trade?

Reference

Lee, K. (n.d.) Business law (2nd ed.). [Interactive textbook]. MyEducator.