Immediately after the Enron bankruptcy, regulators, legislators, and prosecutors enacted a host of measures to punish corporate wrongdoers, stabilize financial markets, and improve corporate governance systems. But their efforts were better suited for ameliorating public outrage than for preventing fraud by the relatively few corporations that commit it.
|Other Independent Review articles by Roy C. Smith|
|Summer 2013||The Agony of the Euro|
|Summer 2011||The Dilemma of Bailouts|
|Summer 2007||Enterprise Capital in Emerging Markets|