Compliance and corruption in the automobile industry: Daimler’s Integrity and Legal Affairs Division
- Due to several corruption allegations in 1998, automaker Daimler had to find a way out of negative publicity. This and other incidents stimulated Daimler in the beginning of 2011 to expand their board of directors by one person that is responsible for the new Integrity and Legal Affairs department. This article focuses on the significance of compliance with corporate and national regulations as a fact that has become increasingly important as regard for corporate social responsibility grows. In fact, the rising number of country specific standards and early considerations of specific compliance requirements during the development process are just some of the evidence that shows that CSR requirements for companies within the automobile industry are on the rise. Companies are requested to organize transparency and risk management. The furor about the Daimler corruption case expresses best how essential it is to have a profound CSR strategy and a whistleblower system embedded within a company. The result of such corruption cases in large enterprises usually leaves an unpleasant bequest for all stakeholders that are part of the company. In accordance, many automobile manufacturer have to deal with direct effects such as a decline in sales and a loss of image.
Author: | Patricia L. Leskow |
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URN: | urn:nbn:de:kobv:526-opus4-2922 |
DOI: | https://doi.org/10.15771/2199-1618_2013_1_1_1 |
ISSN: | 2199-1618 |
Parent Title (English): | Journal of European Management & Public Affairs Studies |
Document Type: | Article |
Language: | English |
Year of Publication: | 2013 |
Year of first Publication: | 2013 |
Publishing Institution: | Technische Hochschule Wildau |
Release Date: | 2014/09/30 |
Tag: | automotive industry; compliance; corporate social responsibility |
Volume: | 1 |
Issue: | 1 |
First Page: | 5 |
Last Page: | 10 |
Faculties an central facilities: | Fachbereich Betriebswirtschaft / Wirtschaftsinformatik (bis 8/2014) |
Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
Licence (German): | Creative Commons - CC BY 3.0 DE - Namensnennung 3.0 Deutschland |