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  • Essay / Advantages and disadvantages of applying a code of...

    1. Ethical IssuesCorruption involves offering, providing or receiving something of value – including cash, gifts, hospitality or entertainment – ​​as an inducement or reward for something improper. Usually, but not always, it involves obtaining or retaining business or some other illegitimate advantage. Pursuant to any company's policies, Mr. Smith is required to refuse gifts, financial or other benefits from a supplier for the performance of his official duties. Additionally, Anita Loo's offer may be perceived as a form of bribery, and if Mr. Smith accepts the trip, this may constitute not only a violation of Practical Solution Pty Ltd's Code of Conduct, more specifically its policy fair treatment and equal opportunities, but it also violates the law regarding business practices. Dogto Ltd. goes against professional ethics by engaging in collusive practices, including offering a practical solution Pty. Ltd. inducements or inducements to the employee (Mr. Smith), in the form of a prepaid trip for him and his family to Los Angeles and Disney World, designed to inappropriately influence the performance of their duties...