Why Ethics
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......To select an alternative course, according to Mill, was an unethical action. Jeremy Bentham offered a quantifiable method of determining the utility of an action. His happiness calculus measured the amount of pleasure and pain that resulted from an action by its degree of goodness or badness, or sommum bonum. Sommum bonum was the ultimate good, a single principle toward which all actions should be aimed. Greenberg (1990) elaborated upon Benthams happiness calculus and cautioned against individual good actions that might cause bad consequences if performed by many. For this reason Greenberg argued, certain laws exist that prohibit actions in general. From these foundational elements the calculating of ethics and their implications have forced the development of legislation to bring enforce the greater good, which is the essence of the Sarbanes-Oxley Act
The need for Corporate Ethics and the Sarbanes-Oxley Act of 2002
Theres been a crisis of confidence in corporate ethics in the last ten years, and as a result, legislation continues to be used as the mechanism to bring trust back into business. The issue of corporate responsibility, the extent of its existence and what ideally corporate responsibility should be are examined. The beginning part of this section
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