Question
When U.S. companies operate overseas affiliates, the foreign subsidiaries must comply with both U.S. law and the local laws where they operate. In many countries,
When U.S. companies operate overseas affiliates, the foreign subsidiaries must comply with both U.S. law and the local laws where they operate. In many countries, the cultural norms regarding privacy differ from U.S. standards and American expectations. When a U.S. corporation operating a foreign subsidiary discovers that local salesmen are offering bribes to foreign regulators, how might the U.S. corporation determine the appropriate standards for the internal investigation? What concerns might influence how the internal investigation is designed and implemented? Who would you suggest that the board consult in order to design an effective internal investigation that does not violate U.S. or local laws? Would you encourage the U.S. corporation to solicit the advice of lawyers in the U.S., in the country in which the subsidiary is operating, or in both countries?
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