What two PwC values would be in conflict if the Russian government demanded disclosure by PwC?

Ikea and the Generators When Ikea was poised to open a flagship store outside Moscow in 2001, its executives were approached by employees of a local utility. If Ikea wanted electricity for its planned grand opening, some bribes were needed. Ikea is known for its stringent policy of not paying bribes. However, Ikea was, on the eve of a grand opening, complete with creditors and employees who needed payments. Ikea’s solution was to rent diesel generators.

But corruption does have its ways in other countries, even when foreign companies are trying to follow the anti-bribery laws of their own countries. Ikea discovered that one of its managers was accepting kickbacks from the rental company that furnishes Ikea with the generators for operating its stores. Ikea ended the manager’s Ikea career, as well as the contract with the rental company, and went to court in Russia to seek damages.

Ah, but who runs the courts? Judges who are, apparently, quite fond of utility workers who demand bribes. Ikea ended up owing damages to the rental company for its breach of contract. As one Ikea board member noted, “This is unlike anything” the international company has encountered in any of its operations.

Ikea is still running stores in Russia, but not expanding.

Its disclosure of the details of its electricity/generator experience was done by design: the company hopes that the public can sway corrupt officials into adopting a more transparent way of doing business?. LO58