Dec
01
Enron Still Matters, 15 Years After Its Collapse
ByWhere were you on Dec. 2, 2001?
It is not a cocktail party icebreaker question, but rather a test of perspective and experience. Because 15 years ago on that day, the energy giant Enron filed for bankruptcy protection, prompting a chain of seminal legislative, regulatory and public policy developments that influence corporate governance practices to this day. A new generation of leaders has entered boardrooms since then, and it is fair to question what they know, or remember, about the fiduciary failures that not only doomed Enron but also permanently recast the board’s role…