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The Sarbanes-Oxley Act, 2002, Was Passed in Response to a Number

question 24

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The Sarbanes-Oxley Act, 2002, was passed in response to a number of major corporate and accounting scandals.


Definitions:

HRM Systems

Software platforms that support the functions of human resource management, including recruitment, payroll, performance management, and employee development.

Succession Management

A systematic process of identifying and preparing suitable employees through mentoring, training, and job rotation, to replace key positions within an organization in the future.

High-potential Employees

Employees identified within an organization as having the ability, aspiration, and engagement to rise to and succeed in more senior positions.

Leadership Talent

The skills and abilities possessed by individuals which enable them to lead others effectively and drive organizational success.

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