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Siemens’s reputation and its brand becoming tarnished by their unethical behavior through bribery. Siemens’s was ordered by The World Bank, to pay 100 million dollars to assist globally towards anti corruption, however the damage was already done. In an effort to repair decades of unethical practices, Siemens hired independent ombudsman. Their objectives were to create a culture of ethical business practices by micro managing international transfers of funds and account activity.Do you think Siemens was penalized enough for its corruption? Why? Or Why Not What does Siemens gain by introducing controls to minimize the likelihood of Corruption?What does the case suggest is the “Value” of Ethical Behavior?
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