| Name | Individual Responsibility in the American Corporate System: Does Sarbanes-Oxley Strike the Right Balance? |
| Author(s) | John R. Boatright |
| Editor | |
| Year | 2005 |
| Publication Type | Journal Article |
| Web Location | http://www.jstor.org/discover/10.2307/27801332?uid=3739448&uid=2&uid=3737720&uid=4&sid=56272159943 |
| Keywords | Sarbanes-Oxley Act, agency theory, transaction costs economics, behavioral law, responsibility, corporation, shareholders |
| Areas of Interest | Corporate Social Responsibility; Economic; Theory; Theory - Shareholder |
| Citation | Boatright, John R. 2005. Individual Responsibility in the American Corporate System: Does Sarbanes-Oxley Strike the Right Balance? Business and Professional Ethics Journal 23:9-41. |
| Summary | Provisions of the Sarbanes-Oxley Act that attempt to increase the personal responsibility of executives raise a question about the extent to which such responsibility out to be imposed? This article s |
| Abstract / Description | Provisions of the Sarbanes-Oxley Act that attempt to increase the personal responsibility of executives raise a question about the extent to which such responsibility out to be imposed? This article seeks to answer this question by examining the implications of two approaches: agency theory and transaction costs economics and behavioral law and economics. The main conclusion is that although some responsibility should be placed on both individuals and corporations, the preponderance of responsibility ought to be placed on corporation and their shareholders. This article also examines the responsibility of those parties, such as accountants, attorneys, and bankers, who aid and abet misconduct, and concludes that the protection offered by the court's decision in Central Bank of Denver v. First Interstate Bank of Denver is justified. |
| Publisher/Organization | Business and Professional Ethics Journal |
| Cluster Library | Socially Responsible Investment |