The Sarbanes-Oxley Act which the US Congress has passed recently has significant portions dealing with ethics which have not been as prominently publicised.
A recent article in BizEthics Buzz, the online magazine, lists three such provisions:
* Companies must disclose whether or not they have a code of ethics, and if not why not. They must also disclose any change in or waiver of ethics codes.
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* Whistle-blowing employees are protected for providing information to federal officials, congressional members, and company supervisors.
* Attorneys must report material evidence of a securities law violation, or breach of fiduciary duty, to the chief legal counsel or CEO. If those parties fail to respond, attorneys must report to the board. Some attorneys believe this duty may conflict with their field