BANKS Industries is currently operating in both the United States and China. As a US-based company, BANKS is accustomed to conforming to US law regarding employee health and safety. However, Chinese law is different and, in many cases, offers looser standards for employee protection.
Using the module readings, the Argosy University online library resources, and the Internet, respond to the following:
- From a global perspective, should the company operate under the laws that are provided in each country of operation or should it adhere to the higher standard regardless of where it operates? Justify your answer.
- Is this a legal issue, an ethical issue, or both? Justify your answer.
- Cite at least one example of differences in health or safety standards that BANKS should consider as it moves forward. Explain why this standard should be considered.