How the sarbanes-oxley act has changed corporate culture


Discuss the below:

1. Read "Resolving Ethical Business Challenges" of your text, and then address the following points. Support your response with evidence from the text.

• What are the ethical and legal issues at stake in the scenario?

• What are Karl's options?

• Discuss the acceptability and commercial use of sex, violence, and gambling in the United States.

• Is marketing sex, violence, and gambling acceptable in other countries if these things do not conflict with local cultures?

2. In 1 you read "Resolving Ethical Business Challenges"of your text and examined Karl's scenario. Referencing that scenario as an example, analyze the relationship between business ethics and personal ethics.

In your response, share an example either from your own professional experience or from a scholarly source that highlights the relationship between personal ethics and business ethics and application to business decision-making.

3. Read "Resolving Ethical Business Challenges" of your text, and then address the following points. Support your response with evidence from the text.

• Identify the ethical and legal issues of which Albert needs to be aware.

• Discuss the advantages and disadvantages of each decision that Albert could make and has made.

• Identify the pressures that have brought about these issues.

4. Analyze how the process of establishing a stakeholder orientation impacts business ethics and social responsibility by completing the following:

• Describing a stakeholder orientation.

• Illustrating the effect a stakeholder orientation has on business ethics and social responsibility.

• Discussing how a stakeholder orientation affects honesty and fairness.

Support your response by citing evidence from the textbook.

5. Blue Jean Waste

Watch this Video "Blue jean waste". Describe your reaction to this video and how you would respond if you were a leader of one of the corporations involved. In your journal entry consider the following:

• How do your personal ethical values and principles drive your reaction?

• What are the implications to stakeholder relationships and social responsibility?

• Do you believe the corporations involved reacted appropriately? Why or why not?

• How could regulatory measures prevent this from occurring again in the future?

6 Read "Resolving Ethical Business Challenges" of your text, and then address the following points. Support your response with evidence from the text.

• Discuss the advantages and disadvantages of each decision that Elaine has made.

• What are the ethical and legal considerations facing Elaine, Dennis, and UBC?

• Discuss the moral philosophies that may be relevant to this situation.

• Discuss the implications of each decision that Elaine could make.

7 An employee working in customer service at a large company arrives at her desk and finds a package from a customer she recently spoke with. Inside is a gift card for $50 to an expensive restaurant to thank her for her assistance, which ultimately saved the customer money.

She remembers that the company has a code of conduct policy against accepting gifts from customers, but she thinks that it may only pertain to gifts of a larger amount. Unsure what to do, she reaches out to a leader in the department for insight.

In your discussion post complete the following:

• Choose a stage from the Kohlberg Model and construct an email response from the business leader in response to this dilemma. Make sure the response reflects the characteristics of the chosen stage from the Kohlberg model.

• After composing the email, predict how that leader's approach to business ethics might impact the organizational culture.

• Describe how the leader's decision and advice to you regarding this issue might change over time.

8 Friends of Angelo

Watch the "Countrywide financial fraud" video. Describe how leadership impacted ethical decisions in Countrywide Financial, particularly in reference to the "Friends of Angelo" program. What are the societal and stakeholder implications?

9 Read "Resolving Ethical Business Challenges"of your text, and then address the following points. Support your response with evidence from the text.

• Identify the ethical and legal issues of which Gerard needs to be aware.

• Discuss the advantages and disadvantages of each decision Gerard has made and could make.

• Discuss the issues of accounting firms going into the financial services market.

• Discuss the types of groups that are influencing Gerard.

10 Listen to a podcast of Linda Thomsen, former director of enforcement at the Securities and Exchange: "How Sarbanes-Oxley Has Affected Corporate Culture".

Discuss how the Sarbanes-Oxley Act has changed corporate culture. A transcript of the podcast is also available through the URL.

Expand on how the Sarbanes-Oxley Act impacts organizational culture and why federal oversight like this is needed.

Additionally, Linda Thomsen mentions in the podcast that she expects further misconduct to occur. Why do you think this type of misconduct continues despite these regulatory laws?

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