Organizations that emphasize social responsibility and adhere toa set or corporate ethics will likely gain competitive advantagesin the market place and avoid costly litigation and loss ofreputation. Due to high levels of corporate fraud in the 1990s withcompanies such as Enron and Global Crossing, Congress passed theSarbanes Oxley Act of 2002 that set new increased standards for theboards of public U.S. companies and accounting firms. Read thedifferent sections and provisions of the Sarbanes Oxley Act at thefollowing link. http://www.soxlaw.com/ Discuss your overallthoughts on the Sarbanes Oxley Act and the provision that you feelis the most effective and why. Additionally do you believe thatexecutives will become more ethical based on the legislation? Whyor why not?
