Essays /

13020841049 Essay

Essay preview

What are the reasons that led to the corporate governance failure in Enron? If the base of the building is not strong, then some day or the other it will fall. This is similar to Enron case because for any company the people in Top management is the base of the building, which formulates all the future plans, strategies, investment decisions and if the base is weak then the building can anytime fall like a pack of cards. Major causes of corporate governance failure in Enron :

1.Chairman & CEO :Board of directors is headed by the Chairman and the CEO heads the managemen...

Read more

Keywords

1.chairman 13020841049 14th 2.audit 2001 3.independence 4 5.mark 6 accord account adam advers also anytim arifici artifici attent audit august base becam becom believ blackout blind board bring build busi california card case caus ceo chairman choos come committe compani compet complet compris conduct conflict constant corpor creat crisi day de de-regularis dean decis demand didn director dirti divis due duti econom effect electr encash end enjoy enron expert explicit fail failur fall father financi flaw forgotten former formul fund futur game gap given govern hand head heavili held holders/investors ignor includ increas independ industri inflat inquir inspect interest invest involv irregular jeffrey keep kenneth labour larg lay led left like main major manag mani manipul mark mean mechan model mr number obey offici organis pack part peopl period person plan play player posit possibl power price privat profit put question reap reason regularis reliabl resign roll saw scam school seen separ share short show similar skill smith sow spirit stanford statement still strategi strong suppli theori therefor till top trade two univers us weak whether wholesal work