Title: Managerial approaches to deal with corruption and bribery in a host country

Authors: Achinto Roy

Addresses: School of Management and Marketing, Deakin University, Waurn Ponds Campus, Geelong, VIC 3217, Australia

Abstract: This paper discusses two current managerial approaches in dealing with corruption and bribery in a multinational business context, namely the |when in Rome approach| and |the legal compliance approach|. It briefly revisits the impact of corruption on business and society and proposes a third approach, that is, |stakeholder compliance approach| on part of multinational business managers in dealing with corruption/bribery.

Keywords: corruption; bribery; stakeholders; multinational corporations; MNCs; host countries; management; managers; local customs; corrupt practices; legal compliance; law; business ethics; globalisation.

DOI: 10.1504/IJBG.2010.035021

International Journal of Business and Globalisation, 2010 Vol.5 No.3, pp.260 - 272

Published online: 01 Sep 2010 *

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