Is SOX law and others like it fair to business?

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The ultimate criticism of the way that business conducts itself may be the Sarbanes-Oxley Act of 2002 (SOX). This bill was enacted as a response to a number of large and serious scandals involving major corporations and huge amounts of money. There is an old saying that cautions “if you don’t police yourself, somebody else will.”

Is this SOX law and others like it fair to business? Does business deserve this kind of criticism? Or, is the question relative to the “size” of the business?

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