Description
Press release from the University of Houston:
Karn Dhingra
November 22, 2021
The fallout from the Enron scandal resonates 20 years later. The innovative yet ethically compromised energy giant filed for bankruptcy protection on Dec. 2, 2001, prompting a chain of significant events that changed how corporate America conducts business.
Enron's off-balance-sheet accounting practices spurred Congress to pass the Sarbanes-Oxley Act, which impacted corporate accounting, auditing and financial reporting practices.
Enron actively pushed to deregulate energy markets around the country. Major energy-producing and consuming states like Texas and California still have largely deregulated energy markets today.
Enron's investment in wind power resulted in Texas mandating utilities use renewable power sources. As you write stories about Enron's legacy, please consider these faculty subject matter experts from the University of Houston:
Experts from UH C.T. Bauer College of Business and UH Law Center:
This press release was produced by the University of Houston. The views expressed here are the author's own.
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