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(Balzli , Deckstein Schmitt 2007 . Thus , when Siemens AG listed its shares on United States newly York Stock Exchange (NYSE ) in 2001 and it was subjected to stringent American anti-bribery measures the managers desisted from hold cash in office (Balzli , Deckstein Schmitt 2007 . Instead , they turned to the send on of cash cheques to perform the same subroutines . The cheques were deposited in variant accounts but the political party did non admit records in its ingest books so that it could make much nefarious payments (Balzli , Deckstein Schmitt 2007In to disguise the surreptitious operations , Siemens AG managers outsourced just about of its accounts works to product line consultants so that no it would not be culpable in any secret operation would be unearthed (Economist .com . In call up to cover their operations further the managers of the company utilize more eccentric base to avoid being found (Balzli , Deckstein Schmitt 2007 . When they authorised the bribery payments , they used removable sticky notes , which would be well destroyed to mask all evidence of any transaction (Fernando Bellamkonda 2007The sums of money transferred by the managers of Siemens AG were staggering .

tally to Balzli , Deckstein and Schmitt (2007 , a of 805 cardinal was handed over by the company to external officials in bribes . The money handed out was aimed at ensuring that Siemens win as many contracts as it could in many foreign markets (Economis t .com . In other in military strengths , th! e bribes were meant to woo crowd representatives in supervisory areas to support Siemens AG policies when they would apparently need to rejected (Fernando Bellamkonda 2007 . Along this line , Fernando and Bellamkonda (2007 ) note that the German government s stance on bribery was perhaps a contributing factor in in Siemens AG s sneak(a) operations . This is because many companies mute that the German law and eve the law in...If you want to get hold a full essay, range it on our website: BestEssayCheap.com

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