3 dq questions all in different colors

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.

Corporate Governance and Responsibility

Constance Bagley stated, "A myopic focus on shareholder value can not only result in the unfair treatment of non-shareholder constituencies but can even end up hurting the shareholders in the long run." (1paragragh)

This debate is based on the following scenario:

Lyone, Inc. is a non-union manufacturer of consumer household goods. Their industry is largely union, yet they have remained without a union because employees have always felt that they could work well with management and that management protected the employees and treated them fairly. Recently, the employees have sought a pay increase after accepting a wage freeze last year. The economy has improved, production is at an all-time high, and employees want to be rewarded for their efforts and loyalty.

The Board of Directors is aware that with the high earnings recently announced, shareholders are expecting high returns after a dismal four quarters last year. If they approve a modest pay increase for the employees who accepted the wage freeze last year, they will not be able to release the high-rate dividends to shareholders. Also, the Board fears that a failure to comply with the reasonable employee demand might prompt the employees to seek union representation, something the Board does not want to encounter. assume the roles of directors who wish to approve the nominal increase in employee salaries. These students should clearly indicate their position on the debate by beginning each post with the heading "INCREASE SALARIES." (1paragragh)