Code and Conducts of Overseas Companies



Code and Conducts of Overseas Companies

Introduction

It is not just the appropriate strategies adopted, precise accuracy with which these strategies are executed, determination of the employees and hardwork of individuals that will lead a company, organization or a business towards success. There are many other principles and guidelines that a company needs to work on in order to ensure a promising future. One of these principles is to maintain a work environment in the company where the concepts of strict discipline and modesty and courtesy, no matter how contradicting, must be exercised in parallel with a balance. Moreover, every company or organization needs a general code of conduct to be practiced in its truest form for the collective betterment of the company and its employees.

Discussion

The existence and operation of a company, huge or small, will not last for long without a conduct or plan including behavioral and ethical guidelines. Hence, discipline in both behavior and ethics should be maintained within and outside the company. Hence, no sane individual with lowest even lowest of IQ cannot deny the importance of a proper and official behavioral conduct.

Overseas Company

The term “Overseas” generally refers to, in or to a foreign country beyond the seas. Hence, by overseas company or organization one refers to a company or organization that is situated away in any other foreign country or sell goods and services to customers from any other country. This company, for many reasons, obviously requires a set off ethical codes to survive in a foreign country.

The Legalities of Overseas Business

Any company or business is open to controversies is general. However, the consequences of these controversies in case of an overseas company are very bizarre. Therefore, there are many guidelines on the basis of which the US government has divided these international laws into two categories.

One of these consists of laws regarding employment, antitrust and economics espionage law. These laws, however, are widely applied for local incidents as well. These laws, however, can put some international businesses in some cases at risk because management trained and educated outside a country may be not familiar with these laws than the trained and educated in America.

The other category of the laws on the international businesses includes laws like FCPA (Foreign Corrupt Practices Act). This act refrains individuals in a company or a company itself to refrain from giving bribery to officials of the foreign governments and public international organization officials. The act usually caters the crime of paying illegal money to officials from the foreign country to influence then so that they eventually send and propose more business orders to the company. On the basis of any engagement of any US company's consultant, recently required subsidiary and joint venture partners, in any if these illegal activities will make the company and its officials guilty for violating the act of FCPA.

Several regulations and laws by the American federal government have also been introduced prohibiting employees from the overseas companies and the companied ...