Becton Dickinson Company Assignment Example | Topics and Well Written Essays - 500 words

Becton Dickinson Company - Assignment Example If the company were to have a global policy, it should state that company policy prohibits BD employees from soliciting or accepting gifts or gratuities from suppliers or any interest that the company works with. Connected to that, gifts and gratuities should not be sent to BD employees. Gifts and gratuities are either cash or non-cash awards that do not appear on supplier contracts. BD and its employees can only accept payments that are spelled out in such contracts; any other gifts, gratuities, or payments will be rejected. What is not clear from this policy, though, are business meals – which are a necessary part of doing business, but they should not be lavish or frequent. On the subject of â€Å"facilitating payments†, BD should not prohibit them unless the laws of the specific country do. If BD does need to make a facilitating payment, it must state that it will do so in its contract with the recipient of that payment. The process of dealing with distributors, con sultants, and other third parties should be transparent to leadership in each country such that individuals in charge of those relationships are held accountable for their dealings with these other parties. If wrongdoing is discovered, BD should act consistently with its policy to not tolerate corruption. Consistent with the approach of outlining a general, compliant global policy at a corporate level and then leaving much latitude to local entities in carrying it out, responsibility for communicating, monitoring, and enforcing the policy is shared between the corporate and local groups.