Siemens Ethics Case Study

In our recommendation, the main solution of Siemens was constructed or implemented good corporate governance. Good corporate governance has become a high priority at Siemens. Siemens need to be focusing on increasingly accountable for each of their operations and are looking effective way to manage, account for, and disclose their activities. To solve the problems, Siemens need to develop, and maintain of ethic programs, ethical cultures, codes of conduct, and ethical leadership. Siemens need to set their priorities to compliance which includes integrity, foster trustful relationship, and manage risk and assurance. For example like foster trustful relationship between the compliance organization and compliance to customer as well as strengthen

In the future, they need to make sure that their employees are not engaging in corruption and bribery scandal. Top management responsibilities of Siemens should establish a compliance system which are prevents, detect and respond. Prevention is to train their employees in the anti-corruption polices, detection is to monitor and control how the policies are working and responding is to take action on any violation occur. The top management responsibility need to ensure that the company is compliance with the system. Moreover, top management also need to observing the law and legal system in every country in order to avoid violation and ensure that employees are compliance with the law. Siemens need to provide compliance training to all managers and also employees to improve their competence and knowledge. For example like provide training programs for their employees to discuss the correct behavior and integrity based on their day-to-day

Due to the previous issues, Siemens need to keep an eyes on the executives and to make sure that the executives compliance with the law and regulation. The future chairman also need to be a role model for professional behavior. A success company always starts at top, all managers must fulfill their duties and supervision. All managers must be acquire professional behavior, competence and leadership skill. Managers should lead their employees to make them clear that compliance is required under all circumstances at all times. Furthermore, managers should carefully select employees based on their personal behavior and professional qualifications. Also give a clear and accurate instructions to employees such as regard to compliance with law and regulation. Managers must be effectively communicate with employees to build a good relationship in order to understand their integrity and also continuously monitor their working every day. This action can proven that decentralization is a good way to transfer information effectively and improve the understanding of a manager on his own employees as