JP Morgan is under scrutiny by the US Securities and Exchange Commission, because of questionable hiring practices in China.
Due
to China's business and political environments, companies with the
right personal connections, or "guanxi" can sometimes gain a competitive
advantage. But the SEC is investigating to see whether JP Morgan has
gone too far, and violated bribery laws by hiring the children of
state-owned company executives, in order to win contracts.
Watch
Mike Chen as he discusses the practice of hiring the children of
officials or executives in China, and when this may be a problem.
No comments:
Post a Comment