Ethical duties in Small Businesses

Business Ethics
Read the article Governance in the Spotlight: What Sarbanes Oxley means to You. In this article the author outlines provisions companies are now required to implement. Consider the requirements imposed by Sarbanes Oxley on corporate boards of directors. Do small businesses and privately held companies have ethical duties? If so, to whom would they owe this duty? Employees? Customers? Vendors? Should the law impose ethical requirements on small businesses or privately held companies or can the marketplace police unethical business behavior? Provide support to justify your position.

Guided Response: Review your classmates’ posting. For at least two of your classmates, discuss whether you agree or disagree with their position. Explain.

References
Rogers, S. (2012). Essentials of Business Law. San Diego, CA: Bridgepoint Education, Inc.

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