Mueller FROM: Lin Chen DATE: April 1998 SUBJECT: NES AG – Gifting in China NES AG’s problem is that needs approval to become a holding company in China. However‚ its code of ethics conflicts with the local custom of gifting to as a way of achieving certain outcomes. The problem in the short term is that the company needs to obtain the approval within a month. In the long term‚ not getting the approval would hurt shareholders or‚ if NES AG gives gifts to officials‚ it will violate NES’s ethical
Premium Risk Western world Ethics
Case One: The Bribery Scandal at Siemens AG Organization and Industry Overview: The case‚ “The Bribery Scandal at Siemens AG‚” underscores how employee involvement with unethical behavior can cause irrevocable damage to a company’s reputation and ultimately their profitability and success. Werner von Siemens and Johann Georg Halske founded Siemens AG in 1847 in Munich‚ Germany as a manufacturer of telegraphic systems. Over the next 150+ years‚ the company grew rapidly expanding operations in
Premium Enron Fraud Accounting scandals
Palfinger’s AG – Property‚ Plant‚ and Equipment a.) Palfinger’s property would include the property that they have to store the forklifts and other large inventory that they have on. The equipment would include all equipment that is necessary to make the inventory that they sell such as the cranes. b.) This number represents the total of the plant‚ property‚ and equipment that Palfinger has. This number should be recorded as the historical cost that the plant‚ property and equipment was purchased
Premium Depreciation
Md Haque BUS 685 Case 1 – The Bribery Scandal at Siemens AG Analysis: On November 15‚ 2006‚ five Siemens employees were taken into custody in connection with suspected bribery‚ tax evasion and embezzlement of company funds related investigation. Police raided 30 offices and private homes in Germany. The authorities found €420M of questionable payments made over a seven year period from 1999 to 2006. Siemens documents reflected the questionable payments were made to external consultants. The
Premium Foreign Corrupt Practices Act Bribery Political corruption
Case Sharp Printing‚ AG Three years ago the Sharp Printing (SP) strategic management group set a goal of having a color laser printer available for the consumer and small business market for less than $200. A few months later the senior management met off-site to discuss the new product. The results of this meeting were a set of general technical specifications along with major deliverables‚ a product launch date‚ and a cost estimate based on prior experience. Shortly afterward‚ a meeting was
Premium Management Project management Cost
1. Introduction Allianz AG is a multinational German banking and insurance group‚ which was founded in Berlin in 1890. Allianz has today their headquarters in Munich. With a staff of over 120‚000 worldwide‚ Allianz is considered as one of the world’s largest insurance companies. Their goal is to achieve and becoming the most trusted global financial services provider. Allianz core business can be divided in to three areas: • Property and casualty insurance. • Life and health insurance
Premium Insurance
The Bribery Scandal at Siemens AG Analysis This case discusses the bribery scandals that were unearthed at Siemens AG in 2006 and 2007. There were a series of scandals that involved some of the company’s employees bribing foreign officials to gain contracts and creating slush funds for this purpose. Siemens agreed to pay €1 billion towards settlement of corruption charges $800 million of which was a fine imposed by U.S. in addition to the billions of euro paid in fines‚ back taxes and late interest
Premium Management Corporation Political corruption
There are several issues the Besserbrau AG will face. With the expansion into China‚ Besserbrau AG will need to account for Foreign Direct Investment (FDI). They can do this by adapting their accounting standards to meet the requirements in China. The profits made by BB Pijio will need to be converted from Chinese GAAP to German GAAP. These profits will also need to be translated between the two currencies and the overall performance of BB Pijio. Besserbrau AG would face an issue with the sales to
Premium Stock market Stock exchange London Stock Exchange
FACTORS AFFECTING INVESTMENT POTENTIAL 7 VIII. STOCK PRICE DATA AND INVESTMENT ANALYSIS 8 IX. CONCLUSIONS & RECOMMENDATIONS 10 EXECUTIVE SUMMARY This company profile provides a preliminary investigation and analysis of Novartis International AG‚ a multinational pharmaceutical company based in Basel‚ Switzerland. Novartis is one of ten companies the Investment Board will consider for further in-depth research for a multimillion-dollar investment. Novartis was created in 1996 from the merger
Premium Pharmaceutical industry Novartis
In order to translate these theoretical assumptions to the practice‚ the Lufthansa Technik AG is advised to implement the following steps: ● Include all subsidiary CEOs in defining the role of subsidiaries in the Lufthansa Technik AG business in order to clarify the status of each autonomy and mitigate the effect of unbalanced level of autonomy of subsidiaries; ● Increase HQ control in the areas such as subsidiary
Premium Management Leadership Decision making