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Daimler’s Settles U.S. Bribery case for $185 million what internal controls could have been usefully introduced...

Daimler’s Settles U.S. Bribery case for $185 million
what internal controls could have been usefully introduced to prevent bribery at Daimler?
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Answer #1

Internal controls that could have been usefully introduced to prevent bribery at Daimler:

1. Ethical Leadership: Ethics in an organization are to be implemented through the top management and the directors are primarily responsible for showcasing ethical behavior as well ensure that ethical culture prevails throughout.

2. Code of Conduct: The company's code of conduct must empower the employees to take decisions as per the company's norms and also have strict instructions on implementation of the ethics. The code of conduct must be revised and updated as when the economic conditions and other regulations change to keep the culture abreast with current expectations.

3. Effective implementation : An internal control system that is in place must be effective, one that allows employees to make ethical decisions and have an ethical corporate culture.

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