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Reflection Paper #4 - Essay Example

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The punishment given to Siemens Global of paying a fine of Ṩ 100 million to World Bank for support of anticorruption work and two yeas ban on Siemens Global from bidding on World Bank contracts are acceptable one. This is because the ban will help restore the reputation of…
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Reflection Paper #4

Download file to see previous pages... This thwarts economy and general development of the developing nations.
As a new Chief Ethics Officer, I would empower institutions of anticorruption and give them authority in performing their functions without influence. It is worth noting that leaders are the ethics officers of their organizations they are given responsibility to manage them. In addition, I would advocate for the adoption of instrumental, law and order, caring, rules and independence to create good climate in the organization. Besides empowerment to improve ethical climate in the organization, I will also advance communication policies and procedures so that information can flow swiftly from, between managers and employees, and vice versa.
Corruption was justified in Germany by 1999. This is because most operations of Siemens Global during this time were full of corruption and bribery. It is reported from the journal that Siemens Global channeled payments to governments, transferred money to foreign accounts and other government officials to bribe them so that they secure contracts of various kinds. A radical change in the organizational policy will change employees’ behavior towards an ethical climate. This helps to shift and refine the organization ethical climate too.
In the recent past, Siemens has joined the corporate ethics initiative in Russia. This initiative aimed towards fostering an ethical climate in its organization. It has also influenced many companies, which will soon join the initiative with an aim of increasing their participations in ethical matters. Most global companies such as Siemens believe on the profitability of their business activities, which go hand in hand with the company’s reputation. Therefore, there is need for companies to embrace ethical climate in their financial matters. This will in turn create regulations regarding the proper handling of the financial matters.
As a Chief Executive Officer (CEO) of my company, I will ...Download file to see next pagesRead More
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