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 essay uses a case-study approach to analyze risk factors that independent directors should be vigilant about in their role as corporate guardians.
Accounting | Business Law, Public Responsibility, and Ethics
Corporate Governance, Auditing and Risk Management
Encyclopedia of Finance
City or Country
New York, USA
Tan, Pearl and Gillian Yeo. 2006. "Accounting Scandals and Implications for Directors: Lessons from Enron." In Encyclopedia of Finance, edited by Lee Cheng-Few and Alice C. Lee, 495-499. New York: Springer Verlag.