LAWS310 Discussions Week 1

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LAWS310 Discussions Week 1
The Sarbanes-Oxley Act of 2002 suggests that businesses develop a code of ethics…

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LAWS310 Discussions Week 1

LAWS310 Discussions Week 1

All Students Posts 78 Pages 

Sarbanes-Oxley – 39 Pages 

The Sarbanes-Oxley Act of 2002 suggests that businesses develop a code of ethics. How effective is a code of ethics in preventing unethical conduct? Review the sample code of ethics of Big Cheese Corporation in Chapter 8. Are there any clauses in this code that you believe need to be more specific? Why?  Does having a business code of ethics mean that employees of the business are more ethical?  Why or why not…?

Review your employer’s code of ethics.  What provisions did you find to be the most interesting and why…?

Many in society argue that white collar criminals seem to face favorable treatment in the court system while blue collar criminals receive harsher punishments.  Do you agree or disagree with this belief?

Let’s look at someone choosing to be silent….Silence in a situation can create quite a bad situation with the SOA… take Enron for example.. too many people did not say anything and look what happened….

As a direct result of Enron and other corporate scandals, many business schools throughout the
United States are now including classes on ethics in their curriculum. What do you think about this in our discussion this week?  Should there be a law (much like a good Samaritan law) that would hold someone accountable if they didn’t say something?  Why or why not?

Why should a law have to passed to require people to do the “right” thing in business.. and what ethical philosophies contribute to your answer and why?…

Corporate Social Responsibility – 39 Pages 

What is corporate social responsibility? Provide two examples of corporations that meet that definition of corporate social responsibility and identify what they do that makes them socially responsible.

Noted economist Milton Friedman argued that businesses are in business solely to make a profit, and that the only social responsibility of a business is to make a profit.
Do you agree with Friedman’s position and how can you relate it to our discussion question?  Do you think it like the domino effect where one organization does something so the next one has to do something too? If so… can you provide an example?

Which ethical philosophies do you think for the basis for the American legal system; utilitarian, categorical imperative, hedonism for example?  What is stare decisis and why is it so significant to the American legal system (be sure to provide examples to illustrate your definition)?

Can you locate a corporate code of ethics, either from your employer or another one…. What types of behavior are addressed?  Was there anything that surprised you in it?