Sarbanes Oxley Public Policy
Harrington 1
Sarbanes- Oxley Act of 2002: A Comprehensive Review
By Hennessey T. Harrington For Business 102 Ethics & Public Policy Dr. Jasso TA Josh December 7, 2010
Harrington 2
TABLE OF CONTENTS 1.0 Sarbanes- Oxley Act of 2002: Spectrum of Objectives 1.1 On History 1.2 On Accountability 1.3 On Corporate Social Responsibility 2.0 Sarbanes- Oxley Act of 2002: A Historical Account 2.1 On Necessity 2.2 On Defective Oversight 2.3 On Corruption 2.4 On Conflict of Interest 2.5 On Imperfect Disclosure 3.0 Sarbanes- Oxley Act of 2002: Implementation & Context 4.0 Sarbanes- Oxley Act of 2002: Significance With Respect to Business & Society 4.1 On Business 4.2 On Society 5.0 Sarbanes- Oxley Act of 2002: A Political Analysis of Strengths & Weaknesses 5.1 On Weakness: Cost of Compliance 5.2 On Strengths: Moving Forth 5.3 Recommendation for Policy Makers 6.0 Conclusion 7.0 Appendix
Harrington 3 8.0 References
Abstract [Although critics claim that the Sarbanes- Oxley Act of 2002 has been costly to the private sector and contributed to national deficit; SOX has however, drastically improved corporate transparency, restored investor confidence and proven impactful with regards to the Social Responsibility Movement. This comprehensive analysis will validate the imperative ethical purpose of SOX, while also demonstrating its positive impact on national business markets.] Hennessey T. Harrington
1.0 Sarbanes-Oxley Act of 2002: Spectrum of Objectives
“To protect investors by improving the accuracy and reliability of cooperate disclosures made pursuant to the securities laws, and for other purposes” (Sarbanes-Oxley Act of 2002)
The Sarbanes- Oxley Act of 2002 set out (1) to ensure corporate honesty with respect to finance, (2) to enhance accountability among corporate decisions makers, and (3) make an impactful and legal stride towards national Corporate Social Responsibility. Overall the SOX Act implements governance measures that legally ensure the
Sarbanes- Oxley Act of 2002: A Comprehensive Review
By Hennessey T. Harrington For Business 102 Ethics & Public Policy Dr. Jasso TA Josh December 7, 2010
Harrington 2
TABLE OF CONTENTS 1.0 Sarbanes- Oxley Act of 2002: Spectrum of Objectives 1.1 On History 1.2 On Accountability 1.3 On Corporate Social Responsibility 2.0 Sarbanes- Oxley Act of 2002: A Historical Account 2.1 On Necessity 2.2 On Defective Oversight 2.3 On Corruption 2.4 On Conflict of Interest 2.5 On Imperfect Disclosure 3.0 Sarbanes- Oxley Act of 2002: Implementation & Context 4.0 Sarbanes- Oxley Act of 2002: Significance With Respect to Business & Society 4.1 On Business 4.2 On Society 5.0 Sarbanes- Oxley Act of 2002: A Political Analysis of Strengths & Weaknesses 5.1 On Weakness: Cost of Compliance 5.2 On Strengths: Moving Forth 5.3 Recommendation for Policy Makers 6.0 Conclusion 7.0 Appendix
Harrington 3 8.0 References
Abstract [Although critics claim that the Sarbanes- Oxley Act of 2002 has been costly to the private sector and contributed to national deficit; SOX has however, drastically improved corporate transparency, restored investor confidence and proven impactful with regards to the Social Responsibility Movement. This comprehensive analysis will validate the imperative ethical purpose of SOX, while also demonstrating its positive impact on national business markets.] Hennessey T. Harrington
1.0 Sarbanes-Oxley Act of 2002: Spectrum of Objectives
“To protect investors by improving the accuracy and reliability of cooperate disclosures made pursuant to the securities laws, and for other purposes” (Sarbanes-Oxley Act of 2002)
The Sarbanes- Oxley Act of 2002 set out (1) to ensure corporate honesty with respect to finance, (2) to enhance accountability among corporate decisions makers, and (3) make an impactful and legal stride towards national Corporate Social Responsibility. Overall the SOX Act implements governance measures that legally ensure the
References: 5.0 Sarbanes- Oxley Act of 2002: A Political Analysis of Strengths & Weaknesses "Five years from now," Steve Hill predicts, "people will look back at their compliance initiatives as a catalyst for business improvement." (Info Week, 2005) H. R. 3763 One Hundred Seventh Congress of the United States of America H. R. 3763—2 Sec