Oscar Martin Venegas
Legal Environment in Business
Professor: Dr. Lucia Gheorghiu
Unit One Focus on Ethics
Ethics and the Legal Environment of Business
1. What might be some other deterrents to ethical behavior in the business context, besides
those discussed in the Focus on Ethics feature?
Other deterrents to ethical behavior in the business context can be the Corporate Social
Responsibility, Kantian Ethics (categorical imperative), and Principle of right.
The Sarbanes-Oxley Act was created by the congress in 2002 in respond to the public
indignations for the corporate financial scandals involving Enron, WorldCom and Global
Crossing. People lost their funds, stocks, and life savings to this corporations. This act is
about corporate control and financial disclosure. In spite of the fact that SOX-Act have
