Date of Original Version
Corporate scandals have rocked the foundations of many corporations in America. Those affected directly and indirectly, as well as those who do not want to be the next front page headline. This paper looks at the fact that there is a problem. How did it get this way and what can be done to turn the situation around? Congress reacted with the Sarbanes-Oxley Act and additions to the Federal Sentencing Guidelines for Organizations. Corporations are developing codes of ethics and ethical training programs like never before to try to head off potential liabilities. Business schools that once felt ethics training should be left to Sunday School are now developing mandatory courses on ethics or are instilling ethical training throughout their entire curriculums. Are these methods going to be effective?