Part 1 Regulations and Ethical Companies Regarding the Sarbanes-Oxley Act (SOX). For this discussion, address the following: • Consider whether the implementation of the SOX supports ethical behavior. Specifically, address Title 3 of SOX and whether you think SOX was effective for financial institutions in the recent financial crisis. • Discuss, based on your experience, whether you think regulations work to maintain an ethical environment, or whether people are the central drivers of creating ethical cultures. Explain your reasoning. Part 2 Case Study – Punishment and Settlement Review Case 16, “Vioxx, Dodgeball: Did Merck Try to Avoid the Truth?,”(Attached) In your post: • Offer an opinion on the outcome of the case. • Explain whether you feel the consumer has any responsibility. • Explain the role of the FDA. • Assess the punishment. Is it too much or too little? Describe an appropriate punishment. • Explain an appropriate reaction to deter future behavior in any corporation.
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business_ethics_a_stakeholder
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