Essay on The Sarbanes Oxley Act Of 2002

Essay on The Sarbanes Oxley Act Of 2002

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Ethicality, or the lack of, plays a large part in the broad spectrum of business. It is the duty of every business person to conform to a certain code of ethics. Because of scandals in regard to ethicality, such as Enron, WorldCom, and TYCO, The Sarbanes-Oxley Act of 2002 was passed in order to create a better system of promoting and supervising the ethicality of all businesses and their employees. “In compliance with the Sarbanes-Oxley Act of 2002, in 2003 the NYSE (2009) and the NASDAQ (2009) issued new corporate governance rules that require their listed companies to adopt and disclose a code of business conduct and ethics. These regulations also require public companies to have enforcement mechanisms for the code in place and are updated annually” (Persons, 357). Because businesses require employees to follow their code of conduct and ethics, it is now the responsibility of college students to learn to conform to those rules and learn the correct ways to handle oneself in an ethical way. “…it is important that business students are familiar with a corporate code of ethics, because they will soon enter the business world and become our future business leaders. For business schools to effectively expose students to a corporate code of ethics, educators need to be aware of business students’ behavioral intentions, which may be in violation of such code” (Persons, 357).
The reason that we decided to use this particular article was because we felt that ethics in the work place are an important component of the business world. This article points out that there may be certain factors that play into the ethicality of certain individuals based on the characteristics that make them who they are. This article shows and teaches us that t...


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...-level ethics courses are more ethical than students who took fewer ethics courses. H8: Students with more workplace ethics training are more ethical than those with less training. H9: Students respond more ethically to the high-moral-intensity questions scenarios than to the low-moral intensity scenarios” (Persons, 359-361).

Method
A survey at a private mid-Atlantic university was conducted on business students to see how they would answer certain ethical questions. The reason that business students were primarily targeted was because they would soon be entering the business world and possibly become corporate leaders which is a job that is exposed ethical dilemmas daily. Day-time and evening students where asked by their professors during their regular class periods if they wished to take a series of scenario questions. The professor explained that students could

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