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Enron Case Puts Focus on Transparency in Thai Corporate Governance.
Byline: Nuntawun Polkuamdee
Mar. 5--The Enron meltdown has led to a global rethink of corporate governance, accounting practices and the role of auditing firms in protecting market discipline.
One clear change in the wake of Enron, according to Dennis Codon, chief legal counsel of Unocal Corp, was the move for auditing firms not only to separate clearly from their consulting arms, but also the drive for investment banking to forge a clear division from financial analyst services.
Mr Codon, an adviser to the New York Stock Exchange, said the US equity markets were suffering a "severe case of Enronitis". He was speaking late last month at a ...
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Source: HighBeam Research, Enron Case Puts Focus on Transparency in Thai Corporate Governance.