Corporate Governance conceptions Worksheet Stephanie Lytle University of Phoenix Corporate Governance Concepts Worksheet |Concept | coat of Concept in the Scenario |Reference to Concept in information | |Sarbanes- Oxley |The Sarbanes -Oxley legal philosophy was set in set out to ensure companies ar reporting |The Sarbanes-Oxley (SOX), mandated | | | completed, clear and concise financials. of import operating officers and chief financial souricers of companies must |changes that will affect executives | | |sign off on these financials, stating they be aw ar and in aggreeance to |compensation, shareholder monitoring,| | |them. mellowed be executives can no longer turn the other(a) cheek and actuate as |and particularly, board monitori ng | | |if they do non know are unaware of whats sacking on within the companies they |(Chew & Gillan, 2004, p. 79). | | |are head of. In the McBride scenario, Hugh McBride referred to the right as the| | | |Enron practice of law.
Yes, the law was primarily established as a result of Enrons |The SOX also includes | | |actions, but should not be referred to as their law or t aken thinly by other|a number of provisions ! meant to | | |CEOs. The reports should be clear and accurate that will be report to the |improve board monitoring. These centralise| | |SEC. There should not be any false or misleading information added. | largely on increasing the power, | | | |responsibility, and license of | | | |the audit committee. SOX...If you want to affirm a full essay, evidence it on our website:
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