consider the requirements imposed by the Sarbanes-Oxley Act on corporate boards of directors, and discuss the following:

• Examine whether small businesses and privately held companies have ethical duties.
  • If so, to whom would they owe this duty? Employees? Customers? Vendors?
• Discuss whether the law should impose ethical requirements on small businesses or privately held companies or if the marketplace can police unethical business behavior. Provide support to justify your position.