Business Ethics

Read the article Governance in the Spotlight:(link below) What Sarbanes Oxley means to You. In this article the author outlines provisions companies are now required to implement. Consider the requirements imposed by Sarbanes Oxley on corporate boards of directors. Do small businesses and privately held companies have ethical duties? If so, to whom would they owe this duty? Employees? Customers? Vendors? Should the law impose ethical requirements on small businesses or privately held companies or can the marketplace police unethical business behavior? Provide support to justify your position.
Article
1. Orlikoff, J. E., & Totten, M. (2004). Governance in the spotlight: What the sarbanes-oxley act means for you. Trustee, 57(8), 15-8. Retrieved from the Proquest database.

 

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Sarbanes Oxley Act was established to rebuild the public trust in the corporate environment in the wake of corporate responsibility and enhancing financial disclosure in their effort to combat accounting scandals. The Act required the publicly traded corporations to conform to the new set standards in their financial transactions and audit procedures……………………

APA

347 words