Question

an effective code of conduct reports results to external stakeholders. True or False

fhe foreign corrupt practices act applies only to companies registered in the u.s

Answer 1

Hello,

Basing on the above question,the below answer was given:

1.An effective code of conduct reports results to external stakeholders.

Ans: TRUE

*If the company endeavours to be recognised as an organisation committed to the highest ethical standards in business and aspires to be a role model in conducting business honestly and fairly . It is proud of the quality of its employees and of the professional reputation and market image built by their work.

** This code of conduct reflects the Company’s high standards of professional conduct and ethics in dealing with all of its stakeholders and its commitment to complying with all applicable laws.

***All the stakeholders would be influenced by the company.So, the Company is firmly committed to compliance with the Code. Any action contrary to the Code will be treated very seriously.

**** It is the responsibility of every employee of the Company to promote the Code. The Company will not

      permit any form of retribution against any person, who, in good faith, reports known or suspected

      violations of the Code or any other Company policy.

2.Foreign corrupt practices act applies only to companies registered in the USA.

ANS: FALSE

*The above statement is false with regard to the FCPA anti-bribery provisions.

** Any corporation, partnership, association, trust, unincorporated organization, or sole proprietorship with its

    principal place of business in the United States, or organized under US law, is subject to the anti-bribery

    provisions of the FCPA.

*** However, books and records and internal control provisions of the FCPA apply only to companies with

     securities traded on a US stock exchange or otherwise required to file periodic reports with the SEC.

Thank You....