In the 1970s, a number of unpleasant revelations of corporate behavior that led to the public disclosure of the questionable business practices abroad, more than 400 U.S. corporations, was jarred popular notions of business ethics. Congress responded to the adoption of the Foreign Corrupt Practices Act (FCPA) in late 1977. However, as time passed, the U.S. companies have complained that they were at a competitive disadvantage with foreign companies, because many countries do not have the equivalent of an American author FCPA. In December 1997, OECD member countries and five members of the countries signed the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. All signatories agreed to introduce legislation that foreign bribery is a crime. This case is anti-corruption measures, and provides a fictional case study to illustrate the issues related to the more specific terms. "Hide
by Joseph Hinsey, Guhan Subramanian, Michelle Kalka, 15 pages. Publication Date: November 14, 2001. Prod. #: 902062-PDF-ENG
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