Under the _____ Act, executives cannot retain bonuses or profits from selling company stock if they mislead the public regarding their company's financial condition.

Question

Quizplus · Accepted Answer

The only act listed that pertains to executives retaining bonuses or profits and misleading the public regarding financial condition is the Sarbanes-Oxley Act. This act was enacted in response to corporate scandals such as Enron and WorldCom, and aims to increase corporate accountability and transparency.

Under the _____ Act, Executives Cannot Retain Bonuses or Profits