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Enron, Arthur Anderson, Worldcom and Lehman Brothers are among the now-defunct firms whose names are infamous as a result of their management allowed and even encouraged morally mistaken habits. Unethical behavior in these cases harm investors, workers and the communities the place they lived. It also led to the creation of more and more extra detailed legal guidelines regulating business actions, together with the Sarbanes-Oxley Act and the Dodd-Frank Act. The chief financial officer is usually tasked with managing and reporting on the company's ESG program.
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