Paper topics must be relevant to business ethics Essay

Paper topics must be relevant to business ethics - Essay Example The case of Wal-Mart’s recent bribery allegations in Mexico particularly raised the question of whether bribing public officials should be justified from ethical or economic point of view. On the other hand, Lindsey Manufacturing has also been recently accused of engaging engaged in a corporate bribery scandal worth millions of dollars with the Mexican utility electric company but it is alleged to have bribed the employees of the later to win contracts. Despite the controversy of bribery and the potential risk of heavy penalties, corporate bribery remains a common practice in many parts of the world. Many governments particularly in the Latin America, Asia and the Middle East are still unable to protect their citizens from the potential abuse of public resources that may arise due to corporate bribery. However, due to different cultural perceptions, there are a number of grey areas when dealing with the issue of bribery in business organizations. For example, it is often difficult to differentiate legitimate political donations or gifts to a business partner from bribes. Many multinational companies working in such areas often use various forms of bribery as a way of competing with other corporate organizations in the particular countries. Some of the advantage of corporate bribery includes hefty profits for companies, better relationships with foreign officials, and achieving business gains without need for superior services or products. There are a number of reasons why it should be impermissible for U.S companies to engage in Bribery in Countries that permit such Acts. Despite the numerous benefits and profits that come with bribery as well as the costs of not engaging in it in countries that permit it, bribery is against the universal fundamental business ethics and should not be tolerated due to the following reasons. One of the reasons for the claim is that the payment of crimes and other corruption deals by corporations