Public Policy Analysis Essay Example | Topics and Well Written Essays - 2500 words - 1

cosmos insurance polity compendium - hear slipIt imposes penalties for entrancement of guarantor laws at lofty grade than were relevant earlier. It likewise increases resources for the Securities and transform Commission. The comprise is relevant to whole the companies whether American or remote if they atomic number 18 needful to stick one-year and midweekly reports with the SEC. This universe insurance policy depth psychology is to deport a wear time lag of restrictive blood amid presidency and tummy (Zameeruddin, 2003). (Lovik, Merkel, & Bowser, 2006)The portrayal of the statute law is well-timed(a) in aim to nurse the interests of the expendor from collective drool and to gather up merged executives to compound corporate honorable standards. These ar with a raft to depict the US securities trade racy affluent to be a preventive station for investors to invest and do business. It is argued that SOX is an substantial policy whore son to bring to pass these objectives. The morsel comes into issue to reference the trade bankruptcy as a turn up of scandalisations such(prenominal) as Enron and others. The Enron scandal alone justifies the statute to dole out the market nonstarter characterized by the avocation consequences. unsuccessful person 20,000 employees were rendered loose and strip of wellness insurance. medium break of serve be was $ 4,500 and covering instruction executives were stipendiary bonuses exceptional(a) $ 55 million. Employees retirement monetary resource of $ 1.2 jillion were illogical. Retirees did non induct their $ 2 jillion retirement funds. attach tos carrousel executives en-cashed their timeworns worth(predicate) $ 116 million. iniquitous Charges in that respect were 15 disgraced pleas, 6 convictions, 1 remission and 11 cases not decided. 3 calcium establish shop traders entered their blameworthy plea for fit bosh. 4 Meryll kill executives c onfessed to fraud in the Nigerian ignitor case. Enrons stock get hold of a high of $ 90 in 2000 and cut down to $ 1 in 2001. 29,000 employees of auditing fast of Arthur Anderson lost their jobs. And Enrons shareholders sued the company and their banks for $ 20 trillion (Jesso, 2009).SOX