New Governance Initiatives Have Ethics Component. (Ethics)
Verschoor, Curtis C., Strategic Finance
LAWMAKERS AND REGULATORS NOW REALIZE HOW IMPORTANT THE VIOLATION of ethical principles was in the recent scandals and have increased the governance requirements for public companies. The Sarbanes-Oxley Act of 2002 (S-O), signed by President Bush on July 30, contained several ethics initiatives for public companies. On August 1, the New York Stock Exchange (NYSE) issued a set of rules for listed companies. Among other changes, listed companies must henceforth adopt a code of business conduct and ethics--as well as appropriate compliance standards and procedures--to assure its effective operation. The Nasdaq's similar rule calls for "board-approved procedures for monitoring compliance." S-O calls for a code …
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Publication information: Article title: New Governance Initiatives Have Ethics Component. (Ethics). Contributors: Verschoor, Curtis C. - Author. Magazine title: Strategic Finance. Volume: 84. Issue: 5 Publication date: November 2002. Page number: 22+. © 1999 Institute of Management Accountants. COPYRIGHT 2002 Gale Group.
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