Nobody downloaded yet

Legal and ethical issues in Siemens Global - Case Study Example

Comments (0) Cite this document
The punishment that Siemens receives was not acceptable since the weight of the allegations leveled against the company superseded the monetary value. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Legal and ethical issues in Siemens Global
Read TextPreview

Extract of sample "Legal and ethical issues in Siemens Global"

Download file to see previous pages The company should have faced stringent operating procedures and forced to pay heavy penalties that would have discouraged prospective perpetrators. A small amount of slightly over $ 2 billion was a slap in the face of economic crime regulators since the company’s annual sale at the time was at a figure of over 70 billion Euros. This only encouraged the company to bribe more parties. Any company that fundamentally violates the acceptable code of business conduct ought to face stiffer penalties than just mere monetary fines that the company could have deemed as ‘budget fines’ (Twomey et al., 2011).  If you were the new Chief Ethics Officer, how would you have handled the situation? Although I would have handled the situation in a more or less similar manner to the then Chief Ethics Officer, I would however, taken a slightly different approach as far as the management of rogue employees is concerned. My first approach would have been to arrange for seminars where different personalities would train and encourage the employees on the benefits of upholding acceptable ethical standards. Instead of just dismissing incompetent employees, I would have engaged them in educational seminars before demoting them to lower positions so that they could rework their way up the corporate ladder through ethical and just means. This approach would have instilled confidence in them and all other employees to work as a team towards the attainment of Siemens short-term and long-term goals (Fernando, 2010). Was the corruption justified since bribery was legal in Germany until 1999? Despite the fact that bribery was legal in Germany, there was no justification for the corruption witnessed in Siemens whatsoever. The fact that Siemens is a German company did not negate the need to operate in accordance to the internationally accepted business ethics since Siemens is an international company with subsidiaries spread across the globe. Although, the senior executives in Siemens’ case tried to justify their acts as a strategy to gain competitive advantage in the market, this still violated the internationally accepted business conducts. This is because most of Siemens’ corrupt deals were international and any company that operates on a global platform ought not to use local policies but internationally recognized ones in business operations. With all these evidences of breach of international law, it is wise to conclude that Siemens was not justified to embrace bribery and corruption as ‘company policy.’ (Twomey et al., 2011).  How does an organization make the shift to refine their ethical practices when there is such a radical change in policy? More often than not, organizations that take the bold step to ethical recovery undergo agonizing experiences though the results obtained are much pleasant. Various ways by which organizations can make the shift to refine their ethical practices exist and there is no single most approach to this course. Some organizations opt for the restructuring of the management system in an attempt to reverse the undesirable trends witnessed over a period. While this can be an appropriate approach for a dynamic and self-motivated team, the organization can seek to transform the culture of employees directly by either imposing new company policies or engaging the employees in dialogue. Ordinarily, most organizations choose the latter as it has the effect of improving employees’ trust and confidence in the company. Overall, whichever approach an organization decides to take should incorporate participation by all stakeholders (Fernando, 2010). By researching online, what have been more recent developments with Siemens Global ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Legal and ethical issues in Siemens Global Case Study”, n.d.)
Legal and ethical issues in Siemens Global Case Study. Retrieved from
(Legal and Ethical Issues in Siemens Global Case Study)
Legal and Ethical Issues in Siemens Global Case Study.
“Legal and Ethical Issues in Siemens Global Case Study”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Legal and ethical issues in Siemens Global

Work related legal/ethical issues

...? Work Related Legal/Ethical Issues This paper discusses ethical issues of doing business. Whenever engaged in any kind of business, there is the need to adopt all ethical issues which ensure that the business will be able to realize its goals. Ethical responsibility improves operations of businesses hence making partnering much convenient for businesses reading from the same script. Very many considerations are very important in business operations, and especially when operating globally. Introduction Ethical responsibility is a contentious issue in...
11 Pages(2750 words)Research Paper

Legal and Ethical Issues

...? Smoking in care setting for older people: legal and ethical issues Introduction In accordance with the report prepared by the Centres for Disease Control and Prevention (CDC) and the National Association of Chronic Disease Directors, nearly 13 million British smokers are people who are older than 50 years (Draft National Quality Standards, 2007). In the UK there was an essential drop of smokers’ rate after a smoking ban was acclaimed in 2007 (Draft National Quality Standards, 2007). A more scaring fact is that nearly 70% of deaths among older people in America and the UK resulted from smoking (Draft National Quality Standards, 2007). Therefore, social and medical workers direct all...
6 Pages(1500 words)Essay

Case Study

...? Corruption and Bribery in Siemens Global Legal and ethical issues in Siemens Global Until 1999, corruption marred most of Siemensglobal operations thanks to the laxity in regulations in many countries where Siemens operate. However, the trend took a drastic shift from the year 1999 after a new CEO took office of the great company that had accumulated a myriad of ethical and legal issues over the years (Fernando, 2010). This essay seeks to answer some legal and ethical...
3 Pages(750 words)Case Study

Legal & Ethical Issues in Nursing

...? Legal & Ethical Issues in Nursing Principles of Patient Safety Patient safety emphasizes on reporting, prevention and investigation of errors within the medical field that lead to adverse healthcare events. Such errors can be caused by human factors, medical complexity and system failures (Ginny, 2010). In the case study presented, the principles of protection of safety of the patient are as follows: The first principle is that security safeguards should be effected to protect the patients' health, and this happens when transporting Antonia to hospital from the convenience store where he was in confusion. The second principle implies that, under some circumstances, the physicians can...
3 Pages(750 words)Essay

Legal and Ethical Issues

...Describe the legal issues that are involved in this case Tatiana was killed by Prosenjit Poddar in Oct, 1969. The parents of the victim reported through that Poddar confessed his crime to Dr. Lawrence Moore, a psychologist employed by the Cowell Memorial Hospital at the University of California at Berkeley. The parents also claimed that the psychologist deliberately avoided the revelation of the details to the court and public. Legally, the case was stronger for the parents, and it seemed that it was rational for them to protest and seek punishment against the murderer and the person who deliberately hide the identity of the murderer. Legally Poddar was under...
5 Pages(1250 words)Case Study

Ethical and Legal Issues how the consent is made. In the earlier discussions, consent has to be acquired clearly and the individual has full knowledge of the facts and possible effects and ramifications of his giving his personal information for sale. The supermarket would not have satisfied the legal and ethical requirements, as we simple go there to shop. Indeed, by analyzing our receipts and past purchases and piecing them together with our financial information through our payments, credit card use, etc., the supermarkets have as much information as they or anyone else would need to take advantage of the information we unwittingly give them. There is presumably an element of trust involved when we make purchases at our...
7 Pages(1750 words)Essay

Legal and Ethical Issues

...LEGAL AND ETHICAL ISSUES IN NURSING of Health Insurance Portability and Accountability Act (HIPAA) is designed toenable the researchers to obtain Protected Health Information in the course of their research. These researchers include those in medical and other health related disciplines. They require access to certain information about heath that people may view as private and intend it to be confidential. The information is contained in disease registries, government archives of important medical records and other databases that contain hospital discharge records. The HIPAA rules are a response to public concern over potential abuses of the privacy of health information. To understand...
2 Pages(500 words)Research Paper

Global ethical Issues

...warring nations follow the Jus Ad Bellum principles, it is clear that they are informed largely by theories of consequentialist moral reasoning. This is the kind of reasoning which is not concerned so much with how something is carried out as it is with why. That is, “we should only be concerned about our actions in terms of their consequences” (MacKinnon, 2012, p. 85). Therefore, since Jus Ad Bellum does not worry about how we declare war, or how we wage a war, but is only concerned with that declaration as a consequence of our actions, clearly fits into consequentialist theories. Of course, just because Jus Ad Bellum is consequentialist, it does not mean the entire just war theory is. Indeed, Jus In Bellum, which describes how war...
2 Pages(500 words)Research Paper

Ethical and Legal Issues

...Ethical and Legal Issues A policy restricting employee internet use is ethically sound. Employee monitoring has appeared as a requirement, and it is still a controversial issue because of widespread use and complexity of technology. Employees are apprehensive of Code of Conduct compliance and proper employee behavior relative to their industries and other organizations. This is the reason why more and more employers are utilizing monitoring devices to keep track or check the actions of their employees. Most of the employers feel that too much utilization of internet for activities that are not job related while on the job is not beneficial. It is also...
2 Pages(500 words)Assignment

Legal and Ethical Issues

...The legal and ethical issues surrounding Solyndra Introduction Solyndra is a solar energy manufacturing company founded in the year 2005 by Granet. It focused in the manufacture of tubular solar panels which were very competitive in the solar industry market (David 2008). Its processes were well flowing for the first five years. On 31st Aug 2011 when it filed for chapter 11 bankruptcy, 24 calendar months after receiving half a billion dollars loan grant from the US energy department & an additional $25.1 million revenue enhancement break from Californias Alternative Energy Advance Transportation Authority (CAEATA), Solyndras woes began. The loan was granted to assist the company in...
7 Pages(1750 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Legal and ethical issues in Siemens Global for FREE!

Contact Us