What were some of the Corporate Governance procedures that Enron had in place that should have worked?

Please make sure to keep your answers brief and concise. Do not exceed 100 words per answer
1. What were some of the Corporate Governance procedures that Enron had in place that should have worked?

2. What went wrong?

3. Could a similar situation happen today?

What were some of the Corporate Governance procedures that Enron had in place that should have worked?

What were some of the Corporate Governance procedures that Enron had in place that should have worked?

The Corporate Governance of Enron had put in place procedures that would have saved the company from collapsing. Some of the procedures are use of Special Purpose Entities (SPEs) to support of large 32projects financially without risking the entire firm. Enron had Arthur Anderson, one of the biggest CPA firm’s as its longtime auditor. Enron had laid down the codes of good practice. The company had a risk assessment and control group. Enron’s performance review system. The company had board of directors that was well credentialed. Enron had regulations to safeguard the financial system stability.

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