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Case Study: Siemens Scandal

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ASSIGNMENT BUSINESS ETHICS AND CSR Submitted by: Aakash Meena (101) Aastha Kumar (102) Abhinav Jangra (103) Abhishek Singh Gaur (104) Ajey Singh (105) Aman Arora(106) Amith C (107) This discussion paper is based on the Siemens scandal (source -The Recovery of Trust:Case studies of organisational failures and trust repair). In November 2006, regulatory investigations of the German engineering giant Siemens revealed that hundreds of employees had been siphoning off millions of Euros into “phoney consultants’ contracts, false bills and shell firms” in order to pay massive bribes to win contracts. We have used 4 I approach to analyse the case. ISSUE In 2006, regulatory investigation revealed the bitter truth regarding one of the …show more content…

They further include policy development and coordination, including elaboration of anti-corruption strategies and action plans and monitoring and co-ordination of implementation measures. Another important function is serving as a focal point for international co-operation. • Prevention of corruption in power structures: These functions focus at promoting ethics inside public institutions and include elaboration and implementation of special measures concerning public service rules and restrictions, and administering disciplinary punishment for non-compliance with them. More specifically, these functions may include prevention of conflict of interest; assets declaration by public officials, verification of submitted information and public access to declarations. Besides, these function aim to prevent corruption through state financial control, anti-money laundering measures, measures in public procurement and licensing/permits/certificates systems. Finally, preventive functions aim to promote transparency of public service and public access to information and ensure effective control of political party …show more content…

Immediate response 2. Short term plans 3. Long Term Plans We should avoid forcing an ethics via surveillance and sanctions; we have to make employees and managers aware of the biases which can lead to the unethical behaviour. We have to ask employees to take a step back and reflect and think about the nature of work, ask important questions like what ethical implications may arise from decisions we take. For long run perspective, we need to get to the root cause of it, in this case employees get the courage and pressured to imitate bad behaviour, which they see in the managers and others who get away with this. So managers and leaders have their responsibility to show their ethical behaviour in spite temptations in the market, to inspire employees to do the same as a long term strategy. And as a leader and manager we should be aware of the blind spots which may permit and encourage unethical behaviour which we are trying to

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