The Sarbanes–Oxley Act

The 2002 Sarbanes-Oxley Act and the United States sentencing commission guidelines provide strong directives to encourage ethical leadership. If ethical leadership fails, especially in corporate governance, there are significant penal ties.

Sarbanes–Oxley Act

Under the Sarbanes-Oxley Act, boards of directors need to provide oversight for all types of auditing. They are responsible for developing ethical behaviors. Moreover, court decisions of the Federal Sentencing Guidelines for Organizations make the board members responsible for the ethical and legal compliance programs of the firms they control.

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