The Bribery Scandal at Siemens AG


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Case Details:

Case Code : BECG106
Case Length : 18 Pages
Period : 2006-2009
Pub Date : 2010
Teaching Note : Available
Organization : Siemens AG
Industry : Diversified
Countries : Germany

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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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Excerpts Contd...

Questions Relating to Ethics in Corporate Germany

Around the same time as the Siemens cases came out, unethical practices surfaced in other German companies including Volkswagen AG (Volkswagen), Deutsche Telekom AG, Deutsche Bahn AG and Deutsche Post AG. At Volkswagen, a senior executive was fined €576,000 and received a suspended prison sentence in January 2007 for bribing labor representatives with money, foreign trips and prostitutes.

Since several of the corruption scandals involved the bribing of labor representatives on the boards of German companies, some analysts felt that the Co-determination law or Mitbestimmung in Germany was flawed...

Outlook

Analysts opined that on account of increasing competition, companies were resorting to illegal payments to win international contracts especially in some emerging economies where the practice was common. Siemens along with many other companies was found guilty of paying bribes to secure contracts abroad...

Exhibits

Exhibit I: A Note on the Co-Determination Law or Mitbestimmung
Exhibit II(a): Major Business Activities of Siemens (before 2008)
Exhibit II (b): Major Business Activities of Siemens (As of 2009)
Exhibit III: Income Statement of Siemens: 2004-2008
Exhibit IV: Stock Price Movement of Siemens
Exhibit V: A Note on Siemens' Anti-Public-Corruption Compliance


  

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