What was the primary purpose of the FCPA quizlet?

What was the primary purpose of the FCPA quizlet?

The Foreign Corrupt Practices Act prohibits foreign officials from entering the U.S. to conduct illegal business. The FCPA prohibits payments to foreign officials to corruptly influence an official act or decision or to influence a foreign government. The primary purpose of criminal law is to compensate victims.

What are the main features of the 1977 Foreign Corrupt Practices Act FCPA )?

This act had three major parts: (1) it required the keeping by corporations of accurate books, records, and accounts; (2) it required issuers registered with the Securities and Exchange Commission to maintain a responsible internal accounting control system; and (3) it prohibited bribery by American corporations of …

What is a major criticism of the Foreign Corrupt Practices Act?

Critics of the FCPA are correct to say that enforcement can place U.S. businesses at a competitive disadvantage in securing business opportunities and that their next-best opportunities may well be less profitable in many instances.

What event led to the creation of the Foreign Corrupt Practices Act?

The statute was enacted in the wake of the “Watergate” scandal in the United States, which led to the resignation of President Richard Nixon in 1974 and resulted in a dramatic plunge in Americans’ overall trust in government.

What activities does the FCPA make illegal for US companies?

The FCPA’s anti-bribery provisions prohibit the Company and its directors, officers, employees, representatives, agents, business partners, certain distributors and suppliers, and any other third parties acting on behalf of the Company from offering, authorizing, promising, directing, or providing anything of value to …

What is FCPA compliance?

The US Foreign Corrupt Practices Act (FCPA) is the most important corporate anti-bribery statute in the world. It bans companies from bribing foreign government officials to win business, and it requires publicly traded companies to keep books and records that adequately reflect financial transactions.

Which of the following federal laws makes it illegal to discriminate in hiring?

Title VII of the Civil Rights Act of 1964: Makes makes it illegal to discriminate against someone on the basis of race, color, religion, national origin or sex.

Is the notion that corporations are expected to go above?

Explanation: Corporate social responsibility (CSR) is the notion that corporations are expected to go above and beyond following the law and making a profit to be a good corporate citizen and benefit interests of society.

When might an employee who is fired sue his or her former employer for wrongful discharge?

Assignment and Quiz questions

Question	Answer
when might an employee who is fired sue his or her former employer for wrongful discharge?	At any time if the employee was discharged for an illegal reason.