Wells Fargo And Organizational Culture Change - 1503 Words

Wells Fargo and Organizational Culture Change Wells Fargo, a Fortune 1000 company faced allegations of fraud and unethical behavior. in respect to organizational culture. Every organization is impacted by the cultural environment within the organization as well as in a specific industry which can impact the efficiency and effectiveness of the organization. This report begins by identifying the organization, Wells Fargo, by giving a brief history of the organization that was â€Å"founded by William George Fargo (1818-81) and Henry Wells (1805-78) in 1852, (Wells Fargo, 2012). The mission and vision of the organization will be examined in addition to the strategies implemented in the recent past. The vision, values and strategies developed in†¦show more content†¦Cultural change doesn’t happen without action. When looking at organizational change, it starts with conducting an assessment through the use of surveys, interviews, observations and policy reviews. Processes should be implemented to conduct and analyze these steps to aid in creating recommendations for cultural change within the organization. The assessment will guide the development of a strategy in creating the cultural change. Culture change is not easy and will take action at all levels, most importantly at the top. This will begin with the development of an updated mission and vision statement to include values and strategies moving forward. The implementation of new hiring practices, training practices and policies will be discussed to aid in creating the cultural change at Wells Fargo. This report discusses moving from words to action and how Wells Fargo can generate buy in throughout the changes discussed. This report will discuss the option of bringing in a consultant and phase in of proposed changes. Change is ongoing and even after implementation, there is a need for review and follow-up. Wells Fargo has begun to make changes which will be reviewed for effectiveness and effi ciency throughout the sections of this paper. Wells Fargo Organization Wells Fargo is and has been a leader in the banking industry for years. Well Fargo was â€Å"founded by William George Fargo (1818-81) and Henry Wells (1805-78) in 1852, (Wells Fargo, 2012). It started as a stageShow MoreRelatedWells Fargo And Organizational Culture Change1545 Words   |  7 PagesWells Fargo and Organizational Culture Change This report takes a look at the Fortune 1000 company Wells Fargo in respect to organizational culture. Every organization is impacted by the cultural environment within the organization as well as in a specific industry which can impact the efficiency and effectiveness of the organization. This report begins by identifying the organization, Wells Fargo, by giving a brief history of the organization that was â€Å"founded by William George Fargo (1818-81)Read MoreCustomer Retention And Customer Satisfaction1192 Words   |  5 Pageshow customers perceive products and services. Because Wells Fargo’s business is focused to building long lasting relationships with customer and adding value to their lives, measuring satisfaction gives the bank an idea of how the company is doing in terms or achieving organizational goals. The positive relationship between quality service and customer satisfaction relays that employees are putting effort toward departmental or organizational goals. Further customer retention is driven by customerRead MoreCompany Analysis : Wells Fargo Essay1390 Words   |  6 PagesUnited States. 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Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their familiesRead MoreTop Three Levels Of Management Essay1585 Words   |  7 PagesThe top three levels of management in an organization can be categorized in multiple formats: top-m iddle-low, corporate-departmental-supervisory, and executive-tactical-organizational and some. Whichever naming convention one prefers, the basic roles and responsibilities are the same; top level managers focus on the organization as a whole; middle level managers focus on specific business units, product lines or departments; low level managers focus on an office, installation, or facility, and haveRead MoreWells Fargo Scandal Case Analysis Essay2317 Words   |  10 PagesWells Fargo Scandal Wells Fargo founded in 1852 is known for being a financial services company. Wells Fargo provides banking, insurance, investment, mortgage, and consumer and commercial financial services through more than 8,600 locations, 13,000 ATM’s, online, and mobile devices. Wells Fargo is headquartered in San Francisco, California but has a vision of being decentralized from that location. Being decentralized allows each location to act as a headquarters to provide their customers with specificRead MoreThe Internal Business Process Must Align With The New Mission And Vision Essay2384 Words   |  10 Pages The internal business process must align with the new mission and vision. It will take time for consumer trust to be regained, and because of this, internal processes must be at the forefront of the changes. Eliminating sales goals for the long term is a necessary step in aligning the internal business processes with the new mission and vision. Strengthening the company’s e thics and integrity program should be a top priority within internal processes. Standards throughout the company need toRead MoreOrganizational Behavior Terminology and Concepts751 Words   |  4 PagesOrganizational Behavior Organizations have been described as groups of people who work interdependently toward some purpose. This definition clearly indicates that organizations are not buildings or pieces of machinery. Organizations are, indeed, people who interact to accomplish shared objectives. The study of organizational behavior (OB) and its affiliated subjects helps us understand what people think, feel and do in organizational settings. For managers and, realistically, all employees, thisRead More Organizational Behavior Terminology and Concepts Essay729 Words   |  3 Pages Organizational Behavior Organizations have been described as groups of people who work interdependently toward some purpose. This definition clearly indicates that organizations are not buildings or pi eces of machinery. Organizations are, indeed, people who interact to accomplish shared objectives. The study of organizational behavior (OB) and its affiliated subjects helps us understand what people think, feel and do in organizational settings. For managers and, realistically, all employees, thisRead MoreCase Analysis Of Issue At Wells Fargo Essay2297 Words   |  10 PagesAnalysis of Issue at Wells Fargo ADEGOKE MOFOLUWASO East Tennessee State University CASE ANALYSIS ISSUE AT WELLS FARGO Organization values direct the viewpoint of an organization in relation to its actions. Culture and beliefs of an organization should be spelt out to show the values, morals and standards it espouses to be distinct and unique in what it stands for. A big multinational financial institution like Wells Fargo is not excluded from the provision of a well laid down and structured

2018-2019 Common App Essay Samples for Dummies

2018-2019 Common App Essay Samples for Dummies They also ought to make certain that you can write in a very clear and engaging method. She's presently in the wonderful position of having the ability to choose where she wishes to go. Simply speaking, there's a little danger in Jennifer's title. This genuinely is a chance to write about anything you desire! With the inclusion of the subject of your choice option you've got the chance to write about whatever you want to share with the folks in the admissions office. For others, it takes much more time to earn a choice. Then think about whether you'd make the very same decision again and why. But What About 2018-2019 Common App Essay Samples? You're writing a college application essay, and you should know about your audience. Look at these sample college application essays to find out what a prosperous college application essay appears like and stimulate your own creativity. Also, do not forget that the last prompt lets you su bmit a present essay or even create your very own prompt. They promise to think about your essay responses as a substantial element in your general application assessment. The Demise of 2018-2019 Common App Essay Samples Answering this question takes a superb quantity of time and research. Repeat your answer and offer the most meaningful info to demonstrate that you're honest. This topic is full of possibilities. On the other hand, the initial six topics are very broad with lots of flexibility, so make certain your topic really can't be identified with one of them. In general, there's no single correct topic. 2018-2019 Common App Essay Samples and 2018-2019 Common App Essay Samples - The Perfect Combination See how they got in, and the way you can too! That wasn't my quinceanera. Which, since I research it now, isn't particularly impressive. New Step by Step Roadmap for 2018-2019 Common App Essay Samples They also offer insight into the kind of student you may be in coll ege. To be a doctor you ought to be persistent in studying. In many instances, the most prosperous folks are people who have turned their passions in their professions. Instead, she chose to turn into a nutritionist. If it doesn't scare you and it's still true that you would like to turn into a superior medical worker, you need to complete study in a secondary medical school. Every applicant have a special story. And this year will not be any different. No changes are made, so they stay the exact same as last calendar year. You may even be in a position to read examples from previous students to receive your creative juices flowing. The Battle Over 2018-2019 Common App Essay Samples and How to Win It You'll likely pass out. I discovered I was not always perfect. Think about what's important to you and why. Her essay might be speaking about handiwork, but it's also providing evidence of her capacity to take care of the challenges of college-level work. Your missionshou ld you decide to accept itis to compose your most genuine narrative yet. The procedure for your experience is extremely important. For example, you can zoom in on one specific part of your background and identity and the way it informs the manner in which you look at and approach certain things. What you share can be meaningful in a number of ways. However, it should reflect your special perspective whilst clearly communicating your very best self. You also need to connect it to who you are as a man and the way this experience has shaped you somehow. What to Expect From 2018-2019 Common App Essay Samples? Each is appropriate, and the caliber of the essay is what the majority of matters. Within this critique, we will have a look at the characteristics of Vanessa's essay that make it shine as well as a couple areas that could use improvement. Have a look at this blog post for some advice on using an essay you've already written for another intent. Two new essay options are added, and a number of the previous questions are revised. Learn more on the s ubject of essay length. If you want to compose an effective essay, it's time to get familiar with every one of the kinds of essay prompts. All it requires is some thoughtful reflection and a bit of bit of hard work for absolutely any youthful student to locate their voice and compose a compelling reaction to one of these Common App essay prompts. Regardless of what topic you select, allow some time for extra editing. My initial reaction would most likely be typical among admissions officers, and it might not be a sensible strategy to have a title that will to shut down her readers before they even start the essay. Up in Arms About 2018-2019 Common App Essay Samples? This prompt is a superb choice if you wish to explore a single event or achievement that marked a very clear milestone in your private development. A 13-minute mile is absolutely not athletic heroism. And it is not just about making something for the interest of making something. Try to remember the scale isn't a factor, it is crucial to concentrate on why it's significant to you.

Elegant Graphics for Data Analysis †Free Samples to Students

Question: Discuss about the Elegant Graphics for Data Analysis. Answer: Introduction: From the given situation, it can be observed that 100 customers are there. All of the 100 customers have taken participation in the survey in order to provide response. There will be four kinds of scores. All these scores will be represented in four categories; they are strongly disagree, disagree, unsure, agree and strongly agree. From the provided situation, it can be seen that there are two types of processes or situation and results from both the situations management are different from each other. According to the first situation, in case, all the numbers of the customers are added up, the total numbers will be 100. On the contrary, in case the total percentage of responses is added up, it will be 100%. From the above situation, it can be seen that in both of the cases, they are 100 customers and 100%. It can be said that both the figures are matching and it is the proof that the process is correct as well as effective. Hence, it can be said that it is the correct process to sum maries the data. However, in case of the second situation, the condition and result is very different when compared to the first situation. In case of this situation, it has been seen that multiplication is done among the number of customers from the each step and the number of ranks. As a result of this, the total number of customers become 319 from 100. However, the total percentage remains the same that is 100%. In this regard, it needs to be mentioned that calculations in both the situations have done based on the same situation. For this reason, the total numbers of customers in both the situations should be the same that is 100. However, the number of customers differs between the two situations. Due to this mistake, this particular process fails to derive the correct result from the situation and it has failed to provide the valid summary. Thus, based on the whole analysis, it can be said that the first method has provided more valid process for the presentation of data that shows the correct and actual value of the customer. At the same time, it can be said that people should not accept the results of the second analysis, as it is not proper method. As per the given situation, it can be observed that the customers have the facility for filling out the form of survey from the website of the store. This is the only way for the customers to fill up the survey forms of the store and the store is collected the data from this way only. From this particular process, it can be seen that the store will get mixed reactions from the customers as all the customers will not fulfill the server based on their true perception. For this reason, in some situations, the collected data from the customers will not reflect the true perception of the customers; and in some situations, the collected data from the survey will reflect the true perception of the customers. Many reasons lead to this disparity of perceptions of the customers. It can be happened that some of the customers take the survey as a joke and they fill the survey form out of fun. Thus, in this situation, the customers do not fulfill the survey from their true perception. Apart from this, it can be happened that a customer of the store is extremely happy with the products and services of the store. In this case, at the time of the survey, the customers will fill it from the true perception. In this case, the store will get response from the true perception of the customer. It can also be seen that a customer is not satisfied with the product and service of the company and for this reason; he/she is not even interested in taking part in the survey. Hence, the above discussion shows that the conducted surveys with the help of online forms do not always reelect the true perception of the customers. From the provided situation, it can be seen that there are five particular situations. The first situation is about gender. In case of gender, nominal data are collected. In this regard, it nees to be mentioned that gender is a categorical variable and it consists of two categories management; they are male and female. Apart from this, any intrinsic ordering cannot be seen in this. Thus, gender is considered as categorical variable (Boone Boone, 2012). The next items are Fahrenheit thermometers and Kelvin thermometers. In case of both of these thermometers, the researcher will collect interval data. In addition, temperature is the type of element which is used for illustration and interval scale. Hence, the researcher will collect interval data (Thomson Emery, 2014). The third element is number of items. For the number of items, ordinal data will be collected. With the help of ordinal variables, the researchers can categorize different values. Thus, ordinal data will be collected (Cliff, 2014). The next item is bank account balance. In case of bank account balance, the researcher will collect ratio scale type of data. Ratio scale variable is considered as interval variables. In this particular case, the measurement of zero (0) indicates that there is not any balance in the bank. This same concept is applicable for bank balances (Wickham, 2016). In the aspect of descriptive non-experimental study, one can see the predictor variable (Yarcheski, Mahon and Yarcheski, 2012). Predictor variable provides great assistance in the testing of hypothesis in the descriptive way. For this particular reason, the researcher can develop the case study for the testing of hypothesis. The next step in this process of descriptive non-experimental is quasi experiment (Cook, 2015). For this case, the researcher considers the variables. In this case, the variables can be referred as three times per week and four days each week. However, in case of experimental study, the researcher tests the hypothesis on the accurate basis for the combination of above two steps. Hence, an experimental study will be helpful to provide the firmest result. References Boone, H. N., Boone, D. A. (2012). Analyzing likert data.Journal of extension,50(2), 1-5. Cliff, N. (2014).Ordinal methods for behavioral data analysis. Psychology Press. Cook, T. D. (2015). Quasi?experimental design.Wiley Encyclopedia of Management. Thomson, R. E., Emery, W. J. (2014).Data analysis methods in physical oceanography. Newnes. Wickham, H. (2016).ggplot2: elegant graphics for data analysis. Springer. Yarcheski, A., Mahon, N.E. and Yarcheski, T.J., 2012. A descriptive study of research published in scientific nursing journals from 1985 to 2010.International journal of nursing studies,49(9), pp.1112-1121.

Running head Business ethics an Example of the Topic Business Essays by

Running head: Business ethics Abstract. With the rise and growth of capitalism as a mode of production, and the push for profit maximisation, businesses have surged forward into the corporate world with an aim of minimising expenses ( such as the cost of labour, and the operational costs ), while at the same time, maximising the profit. The above state of affairs has led to the massive cases of exploitation of citizens by the commercial world, leading also to the need to enforce business ethics. In particular, there have been cases of fraud which in turn resulted to massive collapse of renown firms such as Tyco International, Enron, WorldCom, Peregrine Systems and Adelphia. It is this state of affairs that led to the creation of the Sarbanes- Oaxley 2002 Act so as to bring in ameliorations into this tumultuous state of developments geared by human avarice. Need essay sample on "Running head: Business ethics" topic? We will write a custom essay sample specifically for you Proceed Students Very Often Tell EssayLab professionals:How much do I have to pay someone to make my assignment today?Specialists advise: Essaylab.Com Offers A Top-Quality Academic EssayBuy Essays Online Write My Essay For Me Grab My Essay Review University Essay Writing Service However, with the enforcement of the business ethics and the Sarbanes- Oaxley 2002 Act, critics have emerged, citing the side effects of carrying out these stipulations. It is against this backdrop that this research paper has been written, with the principal aim of demonstrating how the pitfalls pointed out by critics can be sealed off, so that the Sarbanes- Oaxley 2002 Act can become more effective. Introduction. The Sarbanes- Oaxley 2002 Act which is also known as the Public Accounting, Auditing and Investor Protection Act, the SOX or the Sarbox Acts was enacted in the Federal Law of the United States on 30th July 2002 as a response to the preponderance in the corporate and accounting scandals. Some of the firms that had been affected included Tyco International, Enron, Worldcom, Peregrine Systems and Adelphia. The scandals were so severe in effect, to an extent that billions of dollars of share prices were forfeited, leading to the collapse of these companies and the subsequent dissipation of the national confidence in security markets. The Act was named after its sponsors, Senator Paul Sarbanes and Representative Oxley G. Michael, after that the Act was approved by a 423- 3 vote in the House and 99- 0 in the Senate. This development was followed by George Bush signing the bill into law, and thereby ratifying the most comprehensive American business reforms ever since the times of president Franklin D. Roosevelt. The Act operates by establishing new and quasi- public agencies such as the Public Oversight Board for Accounting Companies (PCAOB) which is given the mandate of supervising, inspecting, regulating and disciplining all the accounting firms that assume the role of auditing the records of accounts for all public companies. The Act also bolsters concepts such as the independence of auditors, internal control assessment, corporate governance and at the same time, enhances the concept of financial disclosure to the public. Research problem statement. Critics such as Ron Paul (a Congressman), have countered that SOX Law was unnecessary due to the fact that it hands the US firms a disadvantage in competing with foreign firms. The critics maintain that the same state of affairs, brought about by the law has been responsible for the driving away of businesses out of the US. Paul in his April 14th 2004 speech in the US House of Representatives, was citing the report by the Wharton Business School's findings. The lucidity of these accusations are bolstered by the fact that research conducted by the Wharton Business School released findings that, ever since the Sarbanes- Oaxley bill was passed into law, American companies have been deregistering from the US Public Stock Exchange. At the same time, it was found that in New York for instance, the New York Stock Exchange had only ten new entrants into the stock market ever since 2004. Ethics statements. This research paper mostly employs the use of academic books that have dealt on the issue of business ethics. At the same time, thoughts that have been borrowed, have been acknowledged so as to both avoid cases of plagiarism (intellectual theft) and uphold the standards of intellectual ethics. All the above measures have been taken to account, in the bid to show clearly the fact that no proper business activities can thrive without the observation of the business ethics. Purpose statements. This research paper seeks mostly to show the need for the observation of business ethics in both the corporate sector and the public sector. This paper does this by analysing the setbacks that bedevil these sectors as a result of not observing business ethics. The research paper does this by analysing the Sarbanes- Oaxley Act under the context of the US. Thoughts on how to seal the loopholes so as to fully realize the benevolence of observing of business ethics are discussed also. Significance. This paper can be deemed as relevant due to the fact that it spells out the pros and cons of adopting business ethics (in this case, the Sarbanes- Oaxley Act) by delving into the American context. This is not an end to itself since this research paper does this, while espousing the dominant aim of encouraging the observation of Sarbanes- Oaxley Act as a form of business ethics. The fine tuning of the Sarbanes- Oaxley Act's modalities have also been dealt on, so as to avoid the inconsistencies and the misgivings that critics have towards the adoption of Sarbanes- Oaxley Act as a form of business ethics. CHAPTER 2 Literature review. Studies have been carried out by different authors who all have different opinions about the importance of adopting the Sarbanes- Oaxley Act as a form of business ethics. For instance, the Wharton Business School (Manz, 2003 pp. 75) in its findings from a research that it had conducted in 2006, maintains that the adoption of Sarbanes- Oaxley Act as a form of business ethics has only been instrumental in ushering in plummeted growth and development of the American Stock Market Exchange. The representatives of this school point at the fact that there has been a lot of cases of deregistration of traders in stock market. The Wharton Business School maintains that this trend has been persisting, following the signing into effect, the Sarbanes- Oaxley Act. The Korn- Ferry International in the same wavelength posits that the implementation of Sarbanes- Oaxley Act has only catalyzed the reluctance on the side of small scale businesses from entering the American Stock Market Exchange. Korn- Ferry International points out that this has been due to the fact that 500 companies have been reported to have lost an average of 5.1 million as compliance expense in 2004 alone (De Vay, 2006 pp. 121). In the same vein, Foley and Lardner law firms have as a rejoinder to the above arguments against the adoption of Sarbanes- Oaxley Act pointed out that the Act has only been very instrumental in increasing the expenses of publicly held or owned companies by 130% from the time the law was enacted. Foley and Lardner law firms continue that this state of affairs has also led to giving foreign businesses an edge over local ones, due to the fact that the Sarbanes- Oaxley Act hugely rests its burdens and injunctions on local business firms, compared to the foreign firms. Other economics pundits such as John C. Dvork (Hartman, 2004 pp. 84) also argue that the adoption of Sarbanes- Oaxley Act leads to the stifling of creativity in the field of computer and technology. Dvork continues that this is likely to cause a downturn in the Information Technology sector. Dvork, a technology and computing journalist explains that this was seen in 2005 when the oldest and the most independent user group of IBM announced its speculations of closing down, citing the fact that the policies of Sarbanes- Oaxley Act was constantly exposing it to wasteful dispensation of resources. CHAPTER 3 Approach. This research study activity has been conducted mainly by analysing the scholarly books that have been written on business ethics in relation to the Sarbanes- Oaxley Act, and its underpinnings. Hypothesis. This paper has been written to prove that the adoption of Sarbanes- Oaxley Act as a way of instilling the observation of business ethics is only going to benefit the US. This is to be actualized by showing clearly, both the pros and cons of adopting Sarbanes- Oaxley Act as a form of business ethics. Causative analysis. There are different reasons that stand in the way of effective realization of business ethics. Some of these reasons are: Additional expenses being imposed on the firms. High operational costs especially for the IT firms since subscribing to the injunctions of the Sarbanes- Oaxley Act requires that these firms upgrade their systems. At the same time, these firms are expected to upgrade their systems following the fact that different non IT firms depend on IT systems and controls to implement the stipulations of the Sarbanes- Oaxley Act. The high rate of incursion of foreign business firms at the expense of local businesses due to the fact that the Sarbanes- Oaxley Act stipulations are country specific, applying much pressure on the domestic firms. CHAPTER 3. Goals and expectations. It is expected that the majority of businesses in America are going to do well as a result of having subscribed to the laws of business ethics. This cannot be far from the truth, especially if the measures are taken to seal the loopholes of the Sarbanes- Oaxley Act. At the same time, the citizens are also likely to be well covered from exploitation, upon business ethics and Sarbanes- Oaxley Act being followed fully. Expected outcomes. It is expected that full enforcement of business ethics policies and the fine tuning of the Sarbanes- Oaxley Act will usher in the following accruals: Cases of fraud are likely to take a plunge in the business and corporate sectors in the US. The US business sector is likely to thrive as a result of the above gain. There is likely to be the restoration of public confidence in the American Stock Market Exchange. Growth of the American Stock Exchange Market is inevitable as a result of the restoration of public confidence. CHAPTER 4. Problem statement. There are many problems that are being realised as a result of failure to totally instill the dictates of business ethics upon the business sector and failure to revise the stipulations of the of the Sarbanes- Oaxley Act. Some of these setbacks that are going to be encountered are: the departure of the US borne businesses from the business scene; the unproportional infiltration of foreign businesses into the American scene; and the collapse of the US Stock market. Description of selected solutions and calender plans. There should be the revision of the Title 2 of the Sarbanes- Oaxley Act so that the independence of the auditors should be extended to the private and foreign firms. All private and foreign business entities are to be subjected to the Title 3 of Sarbanes- Oaxley Act of Corporate responsibility. There should be the enhancement of the Title 4 Sarbanes- Oaxley Act of Enhanced financial disclosure. The concept and practice of the Title 5 of Sarbanes- Oaxley Act of Analyst conflict of interest should be also extended so that it pervades the entire corporate world. The Corporate Tax Returns of Sarbanes- Oaxley Act as the Tenth (10th) Title should also be stretched so that all businesses be made subject to its stipulations. CHAPTER 5. Discussions on recommendations. Revision of the Title 2 of the Sarbanes- Oaxley Act. At the present, Title 2 of this Act authorises the independence of the auditors at the public sector alone. However, to ensure that the concept of egalitarianism is followed to the latter, the powers of the auditors must be extended to the private sector and the foreign companies so that these do not have an edge, at the expense of local firms and the public sector in a way that is not warranted or earned. Reviewing of the Sarbanes- Oaxley Act Title 3. This act should be reviewed so that the observation of corporate responsibility be observed by both local and foreign businesses. However, since it is expedient that foreign investors be attracted, it is necessary that foreign businesses be subject to lower or manageable levels of corporate responsibility. Expanding of Title 4 of the Sarbanes- Oaxley Act. Both the public sector and the private sector- including foreign corporations must be made to send their statements of accounts at the end of every financial year for taxation, and for investigative purposes. However, this is only possible if Title 4 of the Sarbanes- Oaxley Act is abrogated. Abrogation of _ Title 5 of the Sarbanes- Oaxley Act. Title 5 of the Sarbanes- Oaxley Act should also be abrogated so that it is not only the officer in a business that belongs to public sector who is barred from holding certain portfolios so as to ward off cases of conflicts of interests in decision making. Businessmen in the private sector and foreign investors should also be subjected to such stipulations since these are also hugely prone to succumbing to conflicts of interests. Reviewing of Title 10 of the Sarbanes- Oaxley Act. As stated in the third recommendation, Title 4 of the Sarbanes- Oaxley Act must be abrogated so that Title 10 of collective taxation of both the private and public, local and foreign investments can be realized. Conclusion. It is now clear that implementing business ethics and specifically, the Sarbanes- Oaxley 2002 Act presents both merits and demerits in the economic sector. For instance, one of the merits is that the American Stock Exchange Market is bound to grow due to the renewed public confidence in the stock market. On the other hand, if not properly checked, the implementation of the Sarbanes- Oaxley 2002 Act as it is presently, will continue to trigger the exit of the US businesses from the American scene. The above matter must be taken as a matter of grave concern by the government since it is likely to lead to the unfavourable preponderance of foreign investments over the local ones. However, since the above state of affairs have been shown to exist as a result of the loopholes in the Sarbanes- Oaxley 2002 Act, the US government must therefore be seen to make strident measures to ratify the above recommendations so as to avert this danger. References. De Vay, D. (2006). Effectiveness of the Sarbanes- Oaxley Act in combating fraud. New York: Prentice Hall. Manz, W. H. (2003). The legislative history of Title 4 of the Sarbanes- Oaxley Act: Corporate fraud _ responsibility. Michigan: Michigan University Press. Hartman, P. L. (2004). Business ethics: collective perspectives. New York: John Wiley and Sons