In this episode of The Ethics and Compliance Library Podcast features ‘The Smartest Guys in the Room,’ by Peter Elkind and Bethany McLean. After discussing the Enron scandal, host Lauren Siegel interviews Peter followed by Sherron Watkins, the Enron whistleblower. Many have either read the book or watched the documentary and know the ins and outs of this scandal, but this episode takes it a step further than what you may already know. It explores the failures of the system, not just of the company, diving into speak up culture and how to avoid becoming the next Enron. As you listen, ask yourself how you are building a culture of trust internally. Ask yourself whether your organization is asking the necessary questions of leadership and employees. Ask yourself if the tone from the top is one encouraging that trust and questioning. This case study is not just for Ethics and Compliance leaders, but also leadership and all employees alike. The conversation will continue for all in the CONVERGE Community.
You can also check out the topic and issues in the CONVERGE thread here.
Tag: Enron
Welcome to the first episode of Fraud Eats Strategy – the newest show on the Compliance Podcast Episode.
What Enron Can Teach Us About Future Frauds
In this first episode of Fraud Eats Strategy with Scott Moritz, he speaks to former Enron Whistleblower Sherron Watkins about the many red flags that were ignored, the ill-fated board decisions and the wide-ranging complicity that led to Enron’s implosion.
Sherron’s memo to former Enron leadership warned of the accounting irregularities that would cause the company to “implode in a wave of accounting scandals” and sparked what is now one of the biggest fraud and misconduct cases in American history.
Scott Moritz is a leading authority on white-collar crime, anti-corruption, and in the evaluation, design, remediation, implementation, and administration of corporate compliance programs, codes of conduct. He is also considered an authority in the establishment, training, and oversight of the investigative protocols carried out by financial intelligence, corporate security, and internal audit units.
MARCH 15, 2019 BY TOM FOX
In today’s edition of Daily Compliance News:
- 3 at Facebook leaves of Facebook’s new direction. (New York Times)
- Admissions scandal hits USC hard. (New York Times)
- Bill Powers, author of the Powers Report on Enron passes away. (New York Times)
- The Wrecking Crew loses another member. (New York Times)
