Question

Is there a conflict between maximizing shareholder wealth and never paying bribes when doing business abroad? If so, how might you explain the firm's position to shareholders asking why the company does not pay bribes when its foreign competitors in various nations clearly do so? Please explain how Saint Leo’s core value of responsible stewardship is reflected in your answer.

Answer 1

No there is no conflict between maximizing shareholder wealth and never paying bribes when doing business abroad. These two are positively corelated to each other.