International Ethics

Imagine your organization has decided to begin operations in another country.  Identify the country and answer the following questions: 

         a) What legal and ethical issues might your organization face with operations in that country:  

         b) What stakeholder groups relevant to your organization would be affected by expanding operations into this new country?  

         c) How might those groups influence the legal and ethical decisions our organization might make while expanding its operations?  

         d) How might the legal and ethical issues faced in this country influence your organization's value statement and code of conduct?

We have decided to expand operations into Japan.

* Successful business relationships are established on

* Sincerity

* Compatibility

* Trustworthiness

(http://www.kwintessential.co.uk/etiquette/doing-business-japan.html)

* The Public Company Act

* Employees of parent companies, main banks, major shareholders, and primary business partners will not be permitted to serve as independent outside directors. However, the question of what the number or percentage of outside directors should be in proportion to the total number of directors has not yet been decided.

* It is expected that the new Act will also require that at least one of a public company’s company auditors must be selected from among employee representatives. The act will also clarify the duty of a company’s accounting auditors to report to the board of company auditors and make the board of company auditors responsible for selecting the company’s accounting auditors and for determining their compensation.

* Management of Corporate Groups

* Based on a perception that many recent problems in the Japanese securities market reflect a failure in existing law to recognize the corporate group as a base unit, it is anticipated that the Public Company Act will provide that public companies will...