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Corporate Governance
The collapse of energy giant Enron is the largest bankruptcy in U.S. corporate history. In just 15 years, Enron grew into one of America's largest companies, but its success was based on artificially inflated profits, dubious accounting practices, and fraud. (http://www.seen.org/). In response to public outcry over Enron and other corporate and accounting scandals, Congress passed the Sarbanes-Oxley Act in 2002 to protect investors from fraudulent accounting activities within corporations. The Sarbanes-Oxley Act was created in response to high-profile cases involving companies whose fraudulent actions have called into question the ethics and accountability of big business. The Act is intended to prompt corporations to operate with greater integrity and promote ethical behavior. Sarbanes-Oxley fosters this integrity by strongly encouraging covered companies to adopt three standards under the Act's whistleblower provisions for their firms; a code of business......

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Approximate Word Count: 1903
Approximate Pages: 8 (250 words per double-spaced page)

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