Lessons Learned from the Byword of Corporate Fraud: Enron

Truth-telling is the cornerstone of corporate governance.

Mridul Kapoor “The Enron Collapse and the Theory of Moral Muteness”

Many believe the adoption of Mark-to-Market signified the beginning of the end for Enron — management essentially permitted the organization to register estimated profits as actual profits.

Insights

Enron’s culture of deceit gradually grew from top to bottom. The ethical drift that ensued within the company was inevitable.

Photo by Charles Forerunner on Unsplash

Recommendations

https://www.financesbuzz.com/sarbanes-oxley-act/

Parting Thoughts

“Everyday management and leadership is an exercise in moral deliberation.” — Malcolm Salter

Electrical Engineer | MBA | Public Speaker | fb.com/TheLeoInvestor