In 2002, Baker Hughes was accused of violating the Foreign Corrupt Practices Act (FCPA). This case describes the actions taken by the company in response to the allegations. They include hiring an outside law firm to conduct an independent investigation and consideration of all his voluntary global operations in order to identify other violations of FCPA. Simultaneously, the company is engaged in a comprehensive restructuring of its policies and systems to prevent and detect the issuance of questionable payments. "Hide
by Brian Tayan, David F. Larcker Source: Stanford Graduate School of Business 22 pages. Publication Date: Aug 01, 2010. Prod. #: CG18-PDF-ENG
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