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Group 8 siemens
1. Germany:
• 16 states under same business law code
• EU worker mobility
• 1999: Germany ratified OECD’S Convention
on Combating Bribery of Foreign Public
Officials in International Business.
• 2003: signed the United Nations Convention
against Corruption
US:
• Each state has its own business
codes and regulations
1997: Organization
for Economic
Cooperation and
Development
(OECD)
1977: Foreign Corrupt
Practices Act (FCPA)
2. Despite German and American legislation against corruption
and bribery, Siemens’ engaged heavily in such activities.