International companies with foreign subsidiaries, distributors, partnerships, or supplier relationships around the world, face a major challenge of managing cultural differences. In many countries, it is customary to receive and give gifts in the process of initially setting up and throughout the business relationships. In certain countries, some officials demand payments before granting approval for new construction projects and or to import products into that country. Note this practice is sometimes a cultural necessity in some countries, especially in newly developing markets where capitalism has not yet developed to the point where the practice of giving and receiving gifts and graft are frowned upon or illegal.

Please provide an initial response to each question below; then, read your classmates responses and respond substantively to at least two of your classmates initial responses to each question. To make sure you cover the Requirements of this Discussion, I suggest you copy and paste each question below into your initial response:

1-Select a US-based publicly listed company and explain how it deals with these types of International customs and norms while doing business overseas. Refer to the company in the subject line of your initial response so every can see your chosen Company.

2-Locate a copy of the any policies the companies have posted on their websites addressing this issue (this may take you a while to find). Hint: search the following webpages to locate policies addressing gifts and graft: Investor Relations; Board of Directors; Corporate Policies and Procedures.

3-Provide the class with an overview of company policies regarding gifts and graft. If you can find information regarding practices such as accepting or receiving gifts; paying or receiving potential bribes or payments to suppliers in either direction, attach a copy of the policy as an attachment to your initial response so all students can review the policy.

4-Summarize the companys policies and procedures in this subject area to verify whether the company is complying with the Foreign Corrupt Practices Act (FCPA) of 1977-see the SEC website below addressing the FCPA: https://www.sec.gov/spotlight/foreign-corrupt-practices-act.shtml