Asked by Ariel Kirkpatrick on May 22, 2024

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During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?

A) Sarbanes-Oxley Act
B) Federal Sentencing Guidelines for Organizations
C) Dodd-Frank Wall Street Reform and Consumer Protection Act
D) Foreign Corrupt Practices Act
E) UN Global Compact

Federal Sentencing Guidelines

A set of rules designed to standardize sentencing policies in United States federal courts for convicted criminals to ensure consistency and fairness in punishment.

Business Ethics

The study of appropriate business policies and practices regarding potentially controversial issues such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

  • Pinpoint the essential legislative measures that influence corporate ethics and governance.
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LD
Lacie DraperMay 24, 2024
Final Answer :
B
Explanation :
The Federal Sentencing Guidelines for Organizations, which were revised in 1991, played a major role in institutionalizing business ethics during the 1990s. The guidelines lay out specific recommendations for companies to establish effective compliance and ethics programs, and they provide incentives for companies that do so. The guidelines also establish criteria for sentencing corporations that are found guilty of criminal offenses.