Business Ethics: Impact of Sarbanes–Oxley Legislation
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The social function of business ethics is implicit in leading business ethics foundation theories. For this question, you will research and respond to questions related to corporate ethics scandals, unethical behavior, and the impact of Sarbanes-Oxley Legislation (SOX). Look for a recent body of research in the area of corporate ethics scandals, unethical behavior, and the impact of SOX legislation. You should be looking for research that differs or improves upon the existing concepts pertaining to corporate ethics scandals, unethical behavior, and the impact of SOX legislation, which you have learned. The research should be from a peer-reviewed scientific journal, trade publication, or professional journal. You can use the Internet to search for a relevant body of research.
Based on your knowledge of corporate ethics scandals, unethical behavior, and the impact of SOX legislation and your chosen research, discuss the following:
• The role of management in setting the organizational tone relative to ethical behavior.
• What should subordinates do when managers act unethically or encourage them to engage in unethical practices?
• Discuss an example of a corporate ethics scandal other than Enron.
• Based on the above example, discuss why you believe the unethical behavior occurred.
• Based on the above, discuss what the organization could have done to prevent such occurrences either at the time they happened or in the future.
• Discuss whether the provisions of the SOX act will have a positive effect on corporate ethics practices.
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The review into business ethics within companies striving for proper organizational behavior from their employees.
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• The role of management in setting the organizational tone relative to ethical behavior.
Consider the role of management is to facilitate the overall tone of ethical behavior by deeds as well as decision making within the organization. Thus, the employees follow leadership, accordingly, to facilitate the organizational behavior. Communication is key within a corporation striving for ethical behavior output excellence; therefore, the role of management is also in the manager leadership style. Behaviors are constant with current makeup of an environment, especially, in a competitive work office aiming for market advantage and excellence from their employees work teams. Keep in mind, the role of management is the leader that directs, leads, and manages others on the basis of corporate ethics framework as well as their own ethical moral standards.
At times, the struggle to mirror both the management team and the corporate ethical standards can result in blurring the final impact. Some examples entail the many recent executives of management engaging in unethical accounting practices. Hone on the criminal output of behavior by management within the final write up of research, in which, the examples can reflect how important the role of management is vital for the ethical conduct of employees work teams. By doing so, the framework is defined to an expectancy of certain behaviors that warrants a reflection from the management level.
• What should subordinates do when managers act unethically or encourage them to engage in unethical practices?
The whistle blower has grown over the last decade to include now laws supporting and protecting the rights of employees reporting on unethical behavior. Consider the demise of Enron where a subordinate ...
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