Accounting Scandals and Implications for Directors: Lesson from Enron

The essay analyzes the role and responsibilities of independent directors in the wake of accounting scandals such as Enron. It discusses the issue of whether independent directors should re-direct their focus to their roles as stewards rather than maximizers of corporate wealth. In particular, the e...

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Bibliographic Details
Main Authors: TAN, Pearl Hock Neo, Yeo, Gillian Hian Heng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2006
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/138
http://catalogue.library.smu.edu.sg/record=b1050999~S1
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Institution: Singapore Management University
Language: English
Description
Summary:The essay analyzes the role and responsibilities of independent directors in the wake of accounting scandals such as Enron. It discusses the issue of whether independent directors should re-direct their focus to their roles as stewards rather than maximizers of corporate wealth. In particular, the essay uses a case-study approach to analyze risk factors that independent directors should be vigilant about in their role as corporate guardians.