Which of the Following Is Not a Reason Why the Institutionalization

Which of the following is not a reason why the institutionalization of business ethics has progressed in recent decades?

A) Institutionalization of ethics is now mandated for all organizations by governments around the world
B) Stakeholders have recognized the need for improving business ethics
C) The government has stepped in when scandals and misconduct have damaged key constituents of businesses
D) Gatekeepers have been questioned as to their contributions to major scandals
E) Highly ethical companies tend to be more profitable than those suffering from misconduct issues