A Multinational Bind: Applying Corporate Codes of Ethics in the EU

"Between the devil and the deep blue sea" may be the best way to describe the bind faced by American multinational companies as they try to comply both with U.S.-based pressures to maintain global codes of corporate ethics and with the privacy policies and philosophies of the European Union (EU). These conflicting cultural and legal norms clash headlong over the anonymous reporting of corporate wrongdoing - ranging from accounting fraud to sexual misconduct - which are favored by U.S. regulators and disdained by EU privacy policies.


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