The Bribary Scandal at Siemens Ag

For example, I am quite familiar with the ship canal business is done is Russia and I can assure you that bribing cases be really common there, with number of them being literally unavoidable. As for the case with bribing Wilhelm Seychelles, the professorship of the AUP labor union, I mobilise it was completely unnecessary for such a big and respected lodge like Siemens to do that. such bribing is certainly avoidable and It Is not worth for the company to risk Its reputation.In my opinion, It should be a concern of governments to prevent such actions and create mechanisms hat switch any types of bribing activities Impossible, especially In companies In which the state owns a dictatorial stake. 2. I think if a company has a respected account in the field, offers competitive prices and meets all qualifications to win a contract, then it has span of options to do so without bribing a. Status off well-known and respected company gives it an ability to contact the government off icials and local analogue of U. S.Securities and Exchange focussing beforehand and ask to monitor the process of tendering. B. If the contract is for a huge amount of money and, maybe, socially important, it top executive e a trustworthy Idea to attract the media to the deal. I believe these two options would scare forth any company managers who are Intended to benefit from bribing. However, If the company Is In the situation when somebody demands money in return for a contract, it should straight notify an appropriate agency and provide sufficient evidence in order for the officials to impose punitive sanctions against a breaking company. . In my opinion, the dialog box made a right decision in not extending Killdeers term. take down though Kil direct was not implicated in the scandal directly, l, honestly, hardly see that he, as the CEO of Siemens GAG, was unaware of the unlawful actions that had taken nates within the company, since the amounts spent on the consulting s ervices (?420 million) seem to be too monumental not to notice them, or at least questionable.The practice of bribing for contracts might take on been common at Siemens before and was Inherited by Killed from former CEO, Heimlich von Peeler. This practice doubled with Killdeers aggressive, American style of management could have been reasons why Siemens GAG performed so well in the make it few years roll to ten scandal. I also grasp Tanat whenever Clientele 010, It was Tort ten Detente of the company.After Killdeers departure, considering how successfully he managed the company, it is most potential that Siemens rate of growth and value of its shares will drop. If it wasnt for the bribery scandals, Killed could have a good deal more(prenominal) work done for the company benefit over the chase years. 4. As I could tell from the case and from my own experience, there are many companies that give money or gifts in exchange for contracts or some sort of favors. Siemens is not the only company incriminate of bribery.The enormous amounts Siemens spent on bribing government officials and companies managers probably led the investigations to begin. There are number of Siemens competitors who were not as wealthy, and, as a consequence, couldnt get the same contracts, even though they might have been more qualified. My assumption is that the Siemens competitors, angry about such injustice, could have been initiators of the investigations, which revealed the cases of bribing. Generally, I think Siemens was just unfortunate to get caught.