As a multinational corporation grows it expands into new markets. And each market is different, with its own business culture, traditions, rules. And some emerging markets bring some shady business practices. Okay, all markets likely bring shady business practices. So how and where does a multinational draw the line between doing what it takes to expand and dealing with corrupt partners?
The Carnegie Council recently hosted a workshop on corruption in emerging markets with William O'Rourke, Jr.--Alcoa's vice president for Sustainability and Environment, Health & Safety (EHS). In this brief excerpt from the workshop, O'Rourke says that first step in dealing with an ethical breach, or a possible ethical breach, is to take a deep breath and gather all the facts:
Watch the full workshop here.
Posted
06-29-2011 9:14 AM
by
Graham Griffith
Filed under: global business, sustainability, developing economies, Carnegie Council, corruption, emerging markets, developing countries, ethics, business ethics, competitiveness and emerging markets, william o'rourke, alcoa