The 2002 Sarbanes-Oxley Act introduced greater accountability for chief executive officers and boards of directors by requiring them to sign off on the financial performance records of the organizations they represent.

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The statement is true. The 2002 Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act, introduced greater accountability for chief executive officers and boards of directors by requiring them to sign off on the financial performance records of the organizations they represent. This was done in response to corporate scandals such as Enron, WorldCom, and Tyco, which exposed the lack of accountability and transparency among executives and board members.

The 2002 Sarbanes-Oxley Act Introduced Greater Accountability for Chief Executive