Unit 8: Unit 8: The Shareholder Stakeholder - Discussion

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Write a 100-word short essay responding to the topic given. Take time to review the responses of your classmates and provide your feedback. CPE Inc has an overview article of the Sarbanes-Oxley Act that was passed by the federal Congress in 2002 after several high profile corporate fraud cases.

Read the section by section review of the law retrieved from http://www.soxlaw.com 

Prepare a post that addresses the following questions:
  • Does this legislation affect ethical or legal behavior or both? Why?
  • Do you agree with the following statement: "If directors and officers of American corporations were ethical, you would not need legislation like the Sarbanes-Oxley Act"? Why, or why not?
  • Some commentators have stated, "You cannot legislate morality." Is the S-O Act an attempt to legislate morality? Why, or why not?
  • In your responses to these questions make sure you provide extensive factual and relevant source material to substantiate your findings and conclusions.

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