Which legislation makes it compulsory for every public company to have a code of conduct to convey expectations about what is and is not appropriate for its directors and officers?
A) Sherman Act
B) Glass-Steagall Act
C) Sarbanes-Oxley Act
D) Gramm-Leach-Bliley Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act makes it mandatory for public companies to establish a code of conduct that outlines the ethical and legal expectations of directors and officers in the company. The other options listed - Sherman Act, Glass-Steagall Act, and Gramm-Leach-Bliley Act - do not include a specific requirement for a code of conduct.

Which Legislation Makes It Compulsory for Every Public Company to Have