John R. Boatright in “IndividualResponsibility in the American Corporate System: Does Sarbanes-Oxley Strike theRight Balance?” argues that the primary purpose of laws governing...

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John R. Boatright in “IndividualResponsibility in the American Corporate System: Does Sarbanes-Oxley Strike theRight Balance?” argues that the primary purpose of laws governing corporateresponsibility is deterrence.Do you agree with this interpretation?Whyor why not?Appeal to the ethical theories discussed in this chapter andin class to support your position.

Prepare a XXXXXXXXXXword response in APA 6th ed.format. Your paper must include required readings and at least three external references.
Answered Same DayDec 20, 2021

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David answered on Dec 20 2021
3 Votes
Running Head: THE PRIMARY PURPOSE OF THE LAW GOVERNING CORPORATE RESPONSIBILITY
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The Primary Purpose of the Law Governing Corporate Responsibility
Running Head: THE PRIMARY PURPOSE OF THE LAW GOVERNING CORPORATE RESPONSIBILITY
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The Primary Purpose of the Law Governing Corporate Responsibility
Responding to scandals associated to corporate responsibility has paved way to the development of rule-based laws. The rules are meant to ensure that business organisations train their staff members and appoint officers of governance to ensure adherence to legal and regulatory obligations. Many individuals argue that ‘the primary purpose of the laws governing corporate responsibility is dete
ence’. However, this is not the case. Three requirements of the act provide an explanation as to why this is not the case.
Sa
anes-Oxley certification ensures that officers are personally held liable for any documents that they sign. In addition, the CEOs are held liable for the documents which they did not sign. Moreover, the Sa
anes-Oxley certification provision links violators to criminal sanctions. From the three requirements of the certification, it is evident that it does not deter an individual from engaging in fraudulent activities. The requirements are more of scare tactics which are meant to discourage the top most...
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