Sample Essay – Employing Kickbacks
The practice of employing kickbacks for the sake of acquiring lucrative projects in diverse countries has become a routine problem in Great Builds. Local officials who are in privileged positions are bribed to get access to building projects which have been the reason for the recent success of the company as well. This poses a problem for the company as well as society when looked at from a utilitarian perspective.
Another action that could be taken is the development of a strong compliance department as well as internal audit which also focuses on ethical practices (Klitgaard, 1991). With this form of internal regulation, a greater eye can be kept on the activities of those who get the new projects and monitoring can help ensure that the unethical practice of bribery is kept at bay. This can be complemented via standardizing the process of making tender offers for new projects and controlling disbursements of monetary amounts so that the money payments themselves can be restricted.
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