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Ehtics

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The Merriam-Webster definition of ethics is: rules of behavior based on ideas about what is morally good and bad. However, different people have different views of what is right and what is wrong, Although we do agree with most of the more serious wrong doing to be wrong (such as stealing and murder for example). However there are some people in the business world who are constantly committing unethical behavior and while knowing that is unethical they celebrate their actions because at the end it is making them money. Throughout history there has been many examples of this Enron, AIG, and Merrill Lynch. Unethical practices are nothing new in our country. Forbes has a very interesting article named “ Executive Beware: The SEC Now wants to Police Unethical Corporate Conduct where it talks about how unethical behavior among companies has been increasing in the last few decades and how new laws have had to been drawn up in order to try and control the irresponsible actions of many companies: “ The focus on ethics in corporate operating procedures is a trend that has grown over the last few decades. This growth has largely been driven by the passage of and amendments to three major pieces of legislation: the Foreign Corrupt Practices Act (FCPA), the Federal Sentencing Guidelines (FSG), and the Sarbanes-Oxley Act of 2002 (SOX Act). The FCPA, passed by Congress in 1977, marked the beginning of prosecuting unethical corporate conduct. It was passed in response to Congress’s realization that a massive number of American companies were engaged in the unethical practice of bribery overseas. It criminalized illegal and questionable payments to foreign government officials, and required publicly traded companies to maintain records that accurately and fairly represent the company’s transactions. ” The Foreign Corrupt Practices Act was enacted in 1977 and is a United

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