Explore BrainMass

Explore BrainMass

    Laws Governing Corporate Responsibility

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Boatright argues that the best way of achieving the deterrent effect for which laws governing corporate responsibility are intended, is by placing the weight of responsibility for misconduct on the corporation (and derivatively on the shareholders) as opposed to individuals who actually conduct the misconduct.

    Do you agree with his assessment on pragmatic grounds? On moral grounds? Why?

    © BrainMass Inc. brainmass.com March 5, 2021, 12:51 am ad1c9bdddf

    Solution Preview

    The attached document is merely one view on the argument presented. It is not intended as an assignment completion.

    Encouraging corporate responsibility should be approached in a manner that sends a strong message to deter irresponsible behavior. However, the decision about whether to hold individuals or the corporation and its shareholder liable is a hotly debated topic. John Boatright argues that the responsibilities lies on the corporation as a whole and on shareholders. He cites the Sarbanes-Oxley Act of 2002 as evidence that the corporation should be held accountable (2006). If individuals were accountable the notion of corporate fiscal transparency ...

    Solution Summary

    The following posting answers questions regarding the laws that govern corporate responsibility.