Sarbanes-Oxley Act 2002 Summary

Decent Essays

1. Watch the Week 5 Video Lecture "Corporate Governance: Sarbanes Oxley".
a. Write a 1-2 page summary of the lecture and discuss the Sarbanes Oxley Act, Piercing the Corporate Veil and the Business Judgment Rule. Define and discuss what these terms mean and how they were applied to the scenarios in the lecture.
The lecture addresses a federal trial of Ken Lay and Jeff Skilling the two men who use to run the American energy, commodities and services company, Enron. Major corporate fraud targeted small investors that inevitably lead to their savings being wiped out.
The Sarbanes-Oxley Act is a federal law that was enacted in 2002. Enron and other similar corporate scandals led to the passing of this act. The Sarbanes-Oxley Act (SOX) is also known

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