For many large, international companies that do business in less developed countries, corruption is a part of everyday life. Without bribing public officials, their companies could never build a factory, hire employees, get permission to build infrastructure, or receive shipments from international vendors. Shipping merchandise out of these countries can be equally difficult, with customs agents demanding unofficial payments to allow the shipment to be made.
1. If you worked for one of these companies, how would you respond to being asked by your boss to pay a bribe?
2. Are such bribes a necessary part of doing business abroad?
3. Most importantly, explain this in the context of the FCPA laws.
(1page minimum )
There have been some major data breaches in recent years – including Equifax, Capital One, Target, Home Depot, Facebook etc.
[You can find a complete list here: https://en.wikipedia.org/wiki/List_of_data_breaches.]
All of these breaches increase the likelihood of you or your friends becoming a victim of identity theft.
Detail what actions you have taken or will take to protect yourself from this risk.
Further, describe what you would advise a friend or client to do if their identity has been stolen. (1page minimum )
Mr. Oaks has worked as the CEO of Turley Bank for the last three years. This past year, the outside auditor discovered some fraudulent loan activity in which Mr. Oaks was circumventing internal controls to lend money to friends and family. After a thorough investigation, the board of trustees concluded that Mr. Oaks had committed more than $10 million in loan fraud. Mr. Oaks denied any wrongdoing. Now, the board is contemplating pursuing a civil case against Mr. Oaks, seeking repayment of the $10 million.
1. What are some reasons why Turley Bank would not pursue a civil case against Mr. Oaks?
2. If Turley Bank decides to pursue a civil case against Mr. Oaks, what are some reasons why the bank would settle out of court before the actual trial?
3. If Turley Bank decides to pursue a civil case against Mr. Oaks, what are some reasons why Mr. Oaks would settle out of court before the actual trial?
(1page minimum )