The Reasons for and Solutions to the Bribery Issues Among Chinese Companies

Corruption and power have been inextricably linked for so long that many consider them to be one and the same, forever destined to accompany each other. Yet, corruption among the powerful has not been met with complacency in human history, rather the opposite instead. The Ancient Romans pioneered the first legal system with brutal punishments aimed to prevent ambitus, or political corruption. This strong desire to forcibly isolate corruption and power can be seen in China’s recent decision to declare severe cases of political corruption as worthy of the “death penalty”. Corruption even correlates with the development status of a country, which explains the common “African leadership is corrupt” rhetoric. Corruption and power may seem to be

Someone who is abusing the power that is given to him or her defines corruption, however, the word in its self is more than a simple idea; it is an intricate network. Since people’s views about ethical and moral behavior affect the way corruption is examined, the word has a slightly different meaning to each person. Additionally, misconduct across various societies is viewed differently due to social and cultural borders. The criminal justice system has had many instances where corruption had affected the outcome of a case and has inserted itself into the legal process.

As said in every economics class, the reason every business goes into business is to make money. The same can be said in criminal cases involving businesses. In the majority of cases, executives and people highly ranked in the company tend to bend the numbers in the financial/accounting areas of the business or corporation. They do not do this for fun, but rather to make money. Something needs to be done before corporations really get out of hand.

6. Evaluate whether the changes in Exhibits 4 and 5 are likely to stop future foreign corrupt practices at Baker Hughes.

There have been allegations of reports in the so-called Panama Papers regarding the Brother-in-law of the Chinese General Secretary and Paramount Leader Xi Jinping, and of numerous other individuals including the daughter of the former Premier Li Peng, son-in-law of Politburo member Liu Yunshan, brother of former Vice President Zeng Qinghong, daughter of former Procurator-General of the Supreme People’s Procuratorate Jia Chunwang, et cetera3. These allegations have been considered at a surface level but as the source of these statements have not yet been proven to the extent to which The People’s Republic of China needs it to be, they have not been taken

Since the president of China began to confront and stop corruption in the military, he has never charged someone as high ranking as the former army general Gu Junshan. Mr. Junshan has been given a suspected death sentences after being charged with bribery and abuse of power- he took money to promote people to a higher position. He was also charged with misuse of public funds

It would be convenient to start this research paper by stating that corruption is a challenge mainly for businesses in developing countries and that it is unrelated to the current affliction of the economy in the United States. It would also be convenient to claim corruption has declined in America as a result of awareness raising campaigns and the numerous anti-corruption laws. But none of those aforementioned statements would be true. Corruption is not the exception, but rather the rule in today’s business practices. In 2004, Daniel Kaufmann, a senior fellow at Brookings Institution and former director at the World Bank, calculated an index of "legally corrupt" manifestations which is defined as the extent of undue influence

The second problem is the corruption in Vietnamese education which can be seen as a danger for social moral. In overview, the average annual salary of teacher in Vietnam is approximately 19.2 million dong which can be seen as rather low when comparing with 14 other countries in the Asia Region (from: Vietnam: education financing, World Bank). The low income likes a catalytic factor for the disease spreading corruption. According the study of Dennis C. McCornac, associate professor of economics at Anne Arundel Community College, corruption in Vietnamese

the FCPA due to the fact that this support is a payment of value for those political

Many ethical issues have been surfacing in the last decade due to the hand in hand prosper of international business globalization. The ethical concerns include corruption, bribery, human rights issues among many others. Business ethics is a form of professional ethics or applied ethics that examines moral or ethical problems that arise in a business enviroment. It involves the application of moral behavior to business situations (Adeyeye, 2012 p 22). Bribery is the offering, receiving, soliciting, and giving of something of value in order to influence an action of an official or company in offering of legal or public duties. A bribe is a gift that is bestowed in order to influence the recipients conduct and the extent of the influence

Political corruption has existed throughout the ages. It believed to be most prominent in positions of power, because of the role money plays in getting people power. However, over the centuries, corruption has changed so much so as to not match a particular definition of corruption, perpetually growing deceptively harder to find (Ebbe).

Some say that the Chinese government allows tolerable corruption to motivate officials so that they do not have to reward them in other materialistic ways that are incongruent to the benevolent image of the party (Fan, Grossman, 2000). Anti-corruption activities only target on exposing and punishing smaller cases to appease the masses while corruption at the higher levels is often left unscathed (Pei, 2007).

Thesis Statement: In order to determine whether a moral issue is categorized as a bribe, the ethical concepts of bribery must first be defined.

Corruption is a complex political, social, and economic anomaly that negatively affects developing and developed countries. It weakens democratic institutions, holds economic development, widening the rich-poor gap and certainly leads to governmental instability. The World Bank definition of corruption states that “…the abuse of public office for private gain”.

This does not set a good example for the employees and can be harmful to the future of the company. Ensuring that bribery stops can solve many of the problems discussed above. Some feasible solutions are being recommended to help the company in both short term and long term. First of all, all employees including managers should be given training and education about bribery, corruption and what’s deemed illegal according to the law. Explicit measures should be suggested on how they can avoid supporting corruption and also where they can report to in case a situation where dishonesty is involved arises.