One element about most of these trends is that even though they were existent more than five decades ago, their range has continually changed due to pressure. For instance, the issue of accountability is one that can be traced back to the industrialization era, but the measures are taken then are drastically distinctive from the ones in use today. Multinationals are today expected to be more accountable for their deeds than any other time in history. Over the past few decades, institutions that govern the workings of multinationals have continually sought the impacts that they have to the society and strived to curb all the negative ones (Thomas, 2009).
This has resulted in high levels of accountability on the place of multinationals. It has also resulted in a scenario where these organizations are operating at levels that are deemed appropriate with regards to society’ s well-being. The elements of accountability and measurement are topped off by the hint of transparency. There are both benefits and detriments of an organization displaying most of its working in the public. Despite the consequences that may occur, many organizations have shown a great deal of openness by revealing their internal workings.
In fact, some refer to this time as the information times where it's never difficult to gather material about any topic. One of the reasons why organizations are willing to reveal a lot about their operations is that the people of this generation are curious and information is never far away; even if the firm does not pass on the information, there are other sources. Most organizations would not like the public to use “ other sources” to retrieve information (Shaheena, 2008). This act is quite comprehensive in nature; after receiving Royal Assent, it repealed all other prior statutory and common law relating to the issue of bribery.
Regarding this topic, the act has stern requirements of organizations that carry out operations in the United Kingdom. The act asks all the organizations under its realm to be liable for their deeds. The offence is both on strict liability and vicarious liability.
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