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In Response to Accounting Scandals in 2002, the Federal Government

question 155

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In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a certain level of expertise with financial information and mandating that chief executive officers personally certify the accuracy of financial statements. What is the name of this legislation?


Definitions:

Knowledge Sharing

The activity or practice of disseminating or exchanging knowledge, insights, or information within an organization or a team.

Organizational Environment

The set of external and internal conditions that affect how an organization operates and interacts with its workforce.

Functional Units

Specialized departments or sections within an organization, each responsible for specific tasks or aspects of the organization's operations.

Reverse Mentoring

A mentoring approach where younger or less experienced individuals provide guidance and share knowledge with older or more experienced colleagues, often about new technologies or cultural trends.

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