What is the Law?

Castle & Cooke, Inc. is a US Company that also has a foreign subsidiary. The foreign subsidiary had one of its employees who wanted to run for public office in that foreign country (and serveif elected) while retaining his private employment. Concern was raised that employing a public official as an employee might raise issues of "bribery" for Castle & Cooke.

If this situation is permitted in the foreign country (no laws against it) do you believe that by permitting this that Castle & Cook may violate any US laws?

What are the ethical implications if this is permitted?

Support your discussion with at least 1 Internet citation.