Regulatory Compliance and Governance
Purpose of Assignment
Corporate fraud has cost businesses and its shareholders millions of
dollars and has been the source of legislation and regulations
attempting to provide oversight and guidance to corporate boards,
executives, and practitioners. Think about how these laws have
changed the practices of corporate executives and, in light of the Enron
scandal et al., has it been enough?
Resources: Legal Environment of Business: Online Commerce,
Business Ethics, and Global Issues: Ch. 16 (pp. 364 -368), 22, and 23.
Scenario: The Sarbanes-Oxley Act (SOX) has been in effect since 2002
and has cost businesses millions of dollars in personnel and
administrative costs. Your company is in the process of “going public,”
has underwritten its Initial Public Offering (IPO), and filed its registration
statement with the Securities Exchange Commission. Your current
executive team has asked you to create a plan ensuring SOX
compliance is followed once you become a publicly traded company.
Review the pertinent sections of The Sarbanes-Oxley Act (SOX) Act.
For purposes of this proposal to the board, only concern yourself with
the compliance provisions of SOX (Sections 302, 401, 404, 409, and
Create a maximum 1,050-word proposal to the board outling the
compliance project necessary to implement SOX.
Cite a minimum of one reference for the five content areas taken from a
business or legal resource. One resource must be from the University
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment as a
Microsoft® Word document.
SupportingMaterial:Regulatory Compliance and Governance Grading
GuideLegal Environment of Business, Ch. 23: Consumer
ProtectionLegal Environment of Business, Ch. 22: Antitrust Law and
Unfair Trade PracticesLegal Environment of Business, Ch. 16:
Corporations and Corporate Governance