Multinationals Should Take National Ethics With Them

business_ethics_highlights_2The 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?


Brought to you by:
business_ethics_highlights

One comment

  1. Not only does Bombardier wave the Canadian flag, it enjoys generous, repeated support from the Canadian government. (Nine Export Development Canada deals supporting Bombardier last year alone, including financing for the dubious jet purchase by the Guptas. https://thewalrus.ca/inside-one-of-canadas-most-secretive-agencies/.)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: