Key Concepts
The role of governance becomes important when corporations do not work under some law’s jurisdiction. Legal framework was established in 1970's which promotes ethical international business practices and penalizes unethical international business behavior rather harshly.
• The Foreign Corrupt Practices Act (FCPA) (1977)
• The U.S. Federal Sentencing Guidelines for Organizations (FSGO) (1991) • The Revised Federal Sentencing Guidelines for Organizations (2004) • The Sarbanes-Oxley Act (SOA) (2002) • The Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) Ghillyer, A. 2014. Business Ethics Now: Chapter 6, The Role Of Government. United States of America: McGraw-Hill Education
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