Addressing unethical practices According to Michael, even after recent corruption scandals within business organizations have led regulators to make things more complicated by addressing the situation by adding more laws and regulations, little attention has been paid to how the nature, not the substance, of the new rules may or may not influence ethical decision makingMichael - These signals make it very difficult to argue that regulators did not have adequate statutes and regulations to demonstrate that organizations and individuals were involved in unethical behavior. Furthermore, the high number of guilty pleas and agreed upon deals suggests that the defendants knew the difference between right and wrong and chose to engage in unethical behavior or that their lawyers knew their chances of convincing the jury to do it the other way around, they were very minimal. Michael - Despite numerous existing rules, regulators responded to business scandals by passing the Sarbanes-Oxley Act of 2002. The law established new and improved standards for all U.S. public companies....