The paper "BHP Highlighting Its Position Towards Corrupt Practices" is an outstanding example of a business assignment. Manager and business leaders are subject to increased risks that are associated with corruption and other bribery charges increasing. Since the economic crisis happened, there has grown a higher demand for greater integrity, openness and transparency need especially dealing with the legislation that surrounds the globe mainly in countries like Canada, Brazil, China and Australia. The countries meeting has developed new strategies to make sure that they deal with corruption and bribery charges that face the many companies who fail to take a stand on corruption allegations.
There is a need to set up new laws that will govern the policies that have existed for years dealing with corruption charges. Sic problems are present not only in Latin American countries but present in some of the most developed nations in the world. A modern country like Australia has begun strategic campaigns in its efforts to fight corruption. The aim of this essay is to deal with three main questions that deal with Australia and its stand towards corruption.
The essay will also help to evaluate the moral stand of one organization known as BHP highlighting its position towards corrupt practices and aim to achieve a sustainable international business perspire (Dietz et al. , 2012). The research conducted needs to demonstrate the ability to understand and incorporate ideas from academic journals to deal with corruption and ethical responsibility. Question 1 BHP was hit with a $US25m penalty over company allegations with dealing with corruption charges. The charges included the ones mentioned by the shady foreign governments mainly in the 2008 Olympic Games in Beijing.
The management agreed to the allegations, but neither admitted nor denied the allegations. The company did decide however to pay for the $US25 million to settle the charges violated in the antibribery and corruption laws.
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