To confirm the big question: “Does good behavior pay off?,” Sean D. Jasso, Ph.D., a practitioner faculty of economics at Pepperdine University’s Graziadio School of Business, consults legislative, legal, historical, and philosophical primary and secondary research in a new book. “The New Corporation–Aristotle, Sarbanes-Oxley, and the Future Manager” examines the most sweeping legislation to reform and enhance the standards by which U.S. public company boards, management and public accounting firms do business, Sarbanes-Oxley or SOX.
“The overarching goal is to ascertain to what extent does the Aristotelian credo of arete, or human excellence, serve the Future Manager and find its formula in The New Corporation,” says Jasso.
Six years ago, major corporate and accounting scandals cost investors billions of dollars when the share prices of the affected companies Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom collapsed and shook public confidence in the nation’s securities markets. On July 30, 2002, President George W. Bush signed into law the Sarbanes-Oxley Act of 2002, also known as the Public Company Accounting Reform and Investor Protection Act of 2002. At the heart of the Act is the mandate for corporate reform from the massive financial and leadership fraud of the late 1990s and early 2000s.
Dr. Jasso’s book attempts to look deep into the soul of the Act; not only evaluating the efficacy of the policy, but also to verify the heralding for a new dedication to the ethical and moral boardroom in the public corporation.
The book is now available through Amazon.com.
Dr. Sean D. Jasso teaches, writes, and consults in the areas of global political economy, strategy, and ethics. He holds a Ph.D. in politics and a master’s in public policy from Claremont Graduate University. He is on the economics faculty at the Graziadio School at Pepperdine and lectures in management at UCR. Write to sjasso@pepperdine.edu.
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