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In this presentation, I am going to present two part of
regulatory measures in business ethics. First, I will focus
on analyzing Federal Sentencing Guidelines for
Organizations FSGO. Consumer Financial Protection
Bureau CFPB as well as Sarbanes – Oxley Act SOX.
Lastly, different impact on business ethics as result of
these regulatory measures in an organization. Moreover,
how various legislation enacted support corporate to
• Federal Sentencing Guidelines for
• Consumer Financial Protection Bureau
• Sarbanes – Oxley Act (SOX)
Business ethics are principles and moral values that guild business practices and
behaviors. Therefore, business ethics are pivotal in any organization. However,
for companies to conduct its undertakings, ethically it's required to have
regulation measures enacted and to be executed at the organization level.
Therefore, these business ethics often steered by the certain framework or law
which should be followed by organization and accepted publically.
Universally, most organization are govern using universal corporate values on the
subject of governance, corporate social responsibility, and bribery in among
others. However, some these ethics applied to accomplish business strategic plan
In this case, will examine FSGO, CFPB as well as SOX.
The US sentencing commission established Federal Sentencing Guidelines for
Organizations in1991. FSGO gives a practical elementary business framework for an
ethical platform and a general compliance. Moreover, it advises various corporates in
developing an active project to encourages ethical practices.
FSGO, primarily formulated and applied in the setting of criminal cases. However,
adopted beyond the court of law and used to guild how business operates and behave.
Therefore, the fundamental goal was to rewards business for executing ethical and legal
FSGO, enable corporations to access their internal business controls systems by directing
punishment when the system fails to operate.
For instance, corporates supposed to develop and document internal conformity program
illustrating their business culture to show compliance. Moreover, relevant legal standard
linked to avoid a violation. A report has disclosed grocery company re-dating product to
lengthen product shelf-life which as unethical practices known as white collar crime,
therefore, US government issues FSGO (Slaughter, 2014).
FSGO has made companies to encourage or to train their employee on the
standard code of conduct to evade penalties as a result of workers misconduct.
Furthermore, with the formation of compliance programs, most businesses have
significant increases their behavior towards the individual.
Additional, most of the corporate have developed their business ethics and values
as part of a strategic plan to accomplish their respective objectives. Moreover,
most businesses have publicized their principles to enhance reputation.
business can meet expectations, norms, and standards that replicate concerns of
various stakeholders through employee and management commitment
Overall, corporates can honor business policies as well as contractual obligations.
The 2008 mortgage and loan crisis where financiers failed to inform
brokers the adverse effect of faking financial information to
encourage people to take loans. As a result, the activities created
business misconduct in the financial sector.
Subsequently, government outline legal, regulatory measures in
controlling financial institution code of conduct. Additional, the
CFFB law gave the mandate to oversee, supervise and reinforce a
broad range of financial services and product.
Additional, CFPB assists financial consumers by providing them with
appropriate and accurate education material regarding financial
matters as well as accepting cust...
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