Examine the factors that led to Bain & Co's loss of the trust of stakeholders, and how this negatively impacted the organisation. Introduction and definition of trust Factors that led to Bain and Co losing trust in stakeholders Conclusion and answer the questions that followBain & Co banned from government tenders for a decade.29 September 2022-13:56Dineo FakuTimes LiveGlobal consultancy firm Bain & Co has been prohibited from doing business with the state for 10years, the National Treasury said on Thursday. “The effective date of restriction is September 5, 2022,until September 4, 2032, for engaging in corrupt and fraudulent practices related to a SA RevenueService (Sars) contract," said the Treasury. The ban comes after the Zondo commission of inquiry intostate capture and the Nugent commission found Bain & Co had played a part in dismantling Sars. TheTreasury said the restriction had been published on its website and database for restricted suppliers.The UK has also banned Bain & Co from government contracts for three years because of its actionsin SA. In August, Bain SA's managing partner Stephen York issued a public apology, saying: "Bainmade serious mistakes in the procurement and execution of our work at Sars, and we kept workingeven as it became clear that the Sars leadership had a different agenda. Our work was used byothers to further their agenda of state capture at Sars... We regret playing any role in the damage tothis critical institution." York said they had also repaid all fees received from Sars.

Trust is a foundational element in any business relationship, involving the reliance on the…

Examine the factors that led to Bain & Co's loss of the trust of stakeholders, and how this negatively impacted the organisation. Introduction and definition of trust Factors that led to Bain and Co losing trust in stakeholders Conclusion

Examine the factors that led to Bain & Co's loss of the trust of stakeholders, and how this negatively impacted the organisation. Introduction and definition of trust Factors that led to Bain and Co losing trust in stakeholders Conclusion

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.2SB

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