The role of boards of directors in monitoring the actions and decisions of top executives changed with the passage of
A) the Sarbanes-Oxley Act.
B) NAFTA.
C) the Foreign Corrupt Practices Act.
D) the ADA.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 significantly increased the responsibilities of boards of directors in monitoring the actions and decisions of top executives. This act established new requirements for companies to provide greater transparency and oversight of financial reporting, and it made boards of directors accountable for ensuring that their companies complied with the law. As a result, boards of directors now play a more active role in monitoring the actions of top executives and ensuring that companies are run in an ethical and legal manner.

The Role of Boards of Directors in Monitoring the Actions