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Sarbanes-Oxley legislation

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1. Do you believe that we have too much, just enough, or too little regulation of business in this country? Explain your answer.

2. Can businesses properly self-regulate in lieu of governmental regulation? As examples, consider motion picture ratings done by the MPAA and airline deregulation.

3. How does the Sarbanes-Oxley legislation impose additional requirements on companies? Will these requirements lead to more open and fair reporting of company results?

4. Why is limited liability important for raising capital in a new venture?

5. Are insider trading laws and the agencies that enforce them an efficient use of public resources given the number of insider trades that go undetected or unenforced? Would the public and taxpayers be better served by warnings that insider trading occurs in stock trading on national exchanges rather than continuing efforts to thwart it? Explain your answers.

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1. Do you believe that we have too much, just enough, or too little regulation of business in this country? Explain your answer.

2. Can businesses properly self-regulate in lieu of governmental regulation? As examples, consider ...

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This discusses the Sarbanes-Oxley legislation

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Business Ethics: Impact of Sarbanes-Oxley Legislation

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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