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The Sarbanes-Oxley Act

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Q: What legislative act prompted many US companies to develop internal ethical policies and procedure?
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What do you understand by internal information?

Internal information means the inside working of any person/company/organization/business. Usually such information is confidential and not for public. Most companies have policies regarding release of internal information.


Can companies have illegal policies?

Companies cannot have a policy that is illegal Companies CAN publish illegal policies. They cannot compel employees to obey those policies not punish those who disobey illegal policies.


Do companies have policies for political and charitable contributions?

Many companies have policies about political and charitable contributions


Do companies have policies about gifts?

Many companies also have policies about practices such as giving and receiving gifts


Do life insurance policies have to be hand delivered?

I think that is the legal procedure. Legally, your policy can be delivered by receiving it through the mail. This is generally don't with policies that are purchased tough forms that are mailed in to the company. Most companies will deliver them in person.


Is the power to make and frame public policies?

legislative power


Purchasing policies and procedure?

Purchasing policies and procedure are set in every organization. These are the guidelines and protocols that are observed when making any purchases or procurements.


Why do Companies develop policies?

Companies develop policies generally to help them run efficiently in achieving their objectives


What is a presidential-legislative democracy?

A presidential legislative democracy is a system of government that has a legislative branch that makes laws. The presidential or executive branch carries out the policies and laws.


Is the power to make law and frame public policies?

legislative power


Are trademark symbols required in press releases?

The symbols are not required by law, but many companies have internal policies regarding the use of their trademarks which may stipulate how they can be used in press releases.


What does the legislative branch do in national service?

they make laws and frame public policies