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Compliance Toolkit

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Sarbanes-Oxley: Is Corporate Compliance or Corporate Culture the Solution to Ethical Crises?

PublisherKnow
Format112.4KB PDF, requires Acrobat Rdr 5Date added06 Mar 2004
Topics Sarbanes-Oxley, Cost Control - Risk Mgmt., Law and Government
Downloads67

While the Sarbanes Oxley Act may not be the ideal response to recent corporate scandals, it is a predictable response given the impact that Enron and its successors have had on market value and shareholder confidence. Legislation is an expensive but a familiar solution. Leading cultural transformation is less familiar and perhaps more personally challenging. But creating a vibrant and ethical culture promises not only to increase transparency and accountability. There is also substantial evidence that ethical, values based cultures are critical for creating sustained stakeholder value.

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