Deakin, Simon; Konzelmann, Suzanne J. - In: Corporate Governance: An International Review 12 (2004) 2, pp. 134-142
This paper argues that the Enron affair has been misunderstood as a failure of monitoring, with adverse consequences for the drafting of the Sarbanes-Oxley Act and the Higgs report. Where Enron's board failed was in misunderstanding the risks which were inherent in the company's business plan...