The legality and ethicality of the corporate governance

Question

1. Determine the legality of the activities based on federal, state, and local laws.
2. Determine the criteria by which Sarbanes-Oxley would apply to this case.
3. Determine the ethicality of the activities.
4. Consider whether or not the activities were equitable to internal and external stakeholders.
5. Decide on the next steps based on the events that took place. What makes this next step the best decision?

Write a 750- to 1,050-word paper evaluating the legality and ethicality of the corporate governance activities that occurred in the scenario.