Question: Should a multi - national firm devise a universal corporate ethics policy, or should it treat each country as separate with different ( local )

Should a multi-national firm devise a universal corporate ethics policy, or should it treat each country as separate with different (local) ethics policies? Imagine your firm enters a foreign market where common "cultural" practices in your industry violate the actual written law (with the law almost never being applied). What are the risks of either following local practice, or adhering closely to the written law? What should the US company do in this situation?

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