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Antecedents and consequences of failed governance: the Enron example

Antecedents and consequences of failed governance: the Enron example Purpose – The purpose of this paper is to examine the demise of Enron, one of the most curious aspects of which was that on the surface it appeared to be thriving, giving no one any cause to question the company's governance structures. Design/methodology/approach – The paper provides a detailed analysis of the composition of Enron's board of directors, demonstrating how directly observable traits are not the sole determinants of effective corporate governance. Findings – The paper finds that collectively, the board's qualifications are less overt, and even more elusive are the ethics and morals that drive the governance process. Originality/value – This case illustrates how ethics and morals are necessary, but that none is sufficient, to deter poor governance, and also underscores the far‐reaching impact of Enron's moral deficiencies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Corporate Governance Emerald Publishing

Antecedents and consequences of failed governance: the Enron example

Corporate Governance , Volume 5 (5): 15 – Dec 1, 2005

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Publisher
Emerald Publishing
Copyright
Copyright © 2005 Emerald Group Publishing Limited. All rights reserved.
ISSN
1472-0701
DOI
10.1108/14720700510630077
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to examine the demise of Enron, one of the most curious aspects of which was that on the surface it appeared to be thriving, giving no one any cause to question the company's governance structures. Design/methodology/approach – The paper provides a detailed analysis of the composition of Enron's board of directors, demonstrating how directly observable traits are not the sole determinants of effective corporate governance. Findings – The paper finds that collectively, the board's qualifications are less overt, and even more elusive are the ethics and morals that drive the governance process. Originality/value – This case illustrates how ethics and morals are necessary, but that none is sufficient, to deter poor governance, and also underscores the far‐reaching impact of Enron's moral deficiencies.

Journal

Corporate GovernanceEmerald Publishing

Published: Dec 1, 2005

Keywords: Business ethics; Board of directors; Conflict management; Corporate governance

References