Question

A company that is concerned about the recent raft of corporate scandals and aggressive enforcement of anticorruption legislation (such as the Sarbanes-Oxley Act of 2002) might well be inclined to shift it's a approach to dealing with or managing thics-related issues and ethics conduct

A. From an "ethical culture" approach to a "damage control" approach
B. From an "unconcerned/nonissue" approach to a "damage control" approach
C. From an "compliance" approach to a "damage control" approach
D. From a "damage control" or an "unconcerned/nonissue" approach to a "compliance" approach
E. From an "damage control" approach to a "ethical culture" approach

Answer 1

A company concerned with corporate scandals and anticorruption legislation, such as the Sarbanes-Oxley Act, should adopt a compliance approach to ethics and corporate responsibility. This is particularly important when dealing with emerging technologies and maintaining a sustainable ethic to account for broader social, economic, and environmental impacts.

Step-by-step explanation:

When a company is concerned about corporate scandals and the enforcement of anticorruption legislation like the Sarbanes-Oxley Act of 2002, it should shift its approach to managing ethics-related issues and ethics conduct from a "damage control" or "unconcerned/nonissue" approach to a "compliance" approach. This shift emphasizes the importance of adhering to legal and ethical standards as a preventative measure, rather than merely reacting to incidents after they occur. Establishing ethics and corporate responsibility is crucial for a company, especially in the face of emerging technologies like artificial intelligence, which present new ethical challenges.

A sustainable ethic also plays a vital role in the decisions a company makes, reflecting the broader considerations of social, economic, and environmental impacts of its actions. This approach requires companies to think long-term, about their impact on future generations and the planet, whether the concern is over using resources, such as oil, wisely or addressing pollution and climate change.