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.
International Journal of Business and Globalisation, 2010 Vol.5 No.3, pp.260 - 272
Available online: 01 Sep 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article