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|
|Fall 2016||Is China the Next Japan?|
|Spring 2016||Understanding a Cuban Transition|
|Summer 2013||The Agony of the Euro|
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