The piece below tackles an old but important question: when a company based in Country A does business in Country B, whose ethical standards apply? The author suggests that a flag-waving Canadian company, Bombardier, is — precisely because of its loud nationalism — bound by explicitly Canadian standards when it comes to things like bribery.
LINK: Canadian ethics should follow Bombardier wherever it goes (by Konrad Yakabuski for the Globe and Mail)
…As a Globe and Mail investigation revealed on Saturday, Bombardier acknowledges it paid “success fees” to at least one middleman it hired to improve its chances of winning the coveted contract. It called the payment of success fees “common practice” and “perfectly legal” in many countries where it operates.
While Canadian law did not explicitly forbid domestic companies from engaging in such practices abroad until last year, the payment of success fees raises questions about the integrity of public procurement processes in many of the countries where Bombardier operates. If Bombardier waves the Canadian flag abroad, it should embody Canadian business ethics. That means it needs to open its books…
…If it is to maintain the confidence of Canadians and their governments, which have generously bankrolled the company for decades, Bombardier must make public the results of its internal investigation…
What do you think?