Which Legislation Makes It Compulsory for Every Public Company to Have

question 7

Multiple Choice

Which legislation makes it compulsory for every public company to have a code of conduct to convey expectations about what is and is not appropriate for its directors and officers?

• A) Sherman Act
• B) Glass-Steagall Act
• C) Sarbanes-Oxley Act
• D) Gramm-Leach-Bliley Act

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Definitions:

Tort Law

The area of law that deals with civil wrongs and damages to a person, property, or reputation, not arising out of contractual obligations.

Toxic Substances Control Act

The Toxic Substances Control Act is a law passed by the United States Congress in 1976 designed to regulate the introduction of new or already existing chemicals.

Pesticides

Chemicals used to eliminate or control a variety of pests, including insects, weeds, fungi, and rodents.

National Environmental Policy Act (NEPA)

A United States environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality (CEQ).