Read the Enron case study by Hamilton (listed under study by Hamilton (listed under the editor's name--Donladson--in e-reserves), the Senate Subcommittee Report, and the StudentGuide to the Sarbanes Oxley Act (Prentice and Bredeson). Then watch the film Enron: The Smartest Guys in the Room and the interview with Senator Paul Sarbanes. Based on these materials, answer the following questions: 1. What business practices helped lead to Enron's collapse? In particular, what were the role of debt, equity, and what Hamilton called Enron's "asset heavy" and "asset light" strategies? 2. Who were the main stakeholders in the Enron case? Who benefited from its success and who suffered from its failure? 3. What issues of governance and ethics arose in the case and what was the role of Enron's culture in its collapse? Tie your answer to the four main principles of corporate governance - responsibility, accountability, accountability transparency, and fairness. 4. According to de Kluyver, what managerial red flags should analysts and Enron's Board of Directors have seen? 5. Explain any conflicts of interest that Enron's relationship with Arthur Anderson, its law firm, and other outside gatekeepers involved. 6. What were the key findings of the Senate Subcommittee's report regarding Enron's Board of Direcotrs? 7. How did the Sarbanes-Oxley Act address the main issues raised by Enron's actions and eventual collapse? You may use outside sources but should concentrate on applying assigned materials. In either case, make explicit reference to your sources. No citations/references are needed for assigned texts; indications of the author's last name should suffice. However, if you use outisde sources, provide citations and references. 1. What business practices helped lead to Enron's collapse? In particular, what were the role of debt, equity, and what Hamilton called Enron's "asset heavy" and "asset light" strategies? 2. Who were the main stakeholders in the Enron case? Who benefited from its success and who suffered from its failure? 3. What issues of governance and ethics arose in the case and what was the role of Enron's culture in its collapse? Tie your answer to the four main principles of corporate governance - responsibility, accountability, accountability transparency, and fairness. 4. According to de Kluyver, what managerial red flags should analysts and Enron's Board of Directors have seen? 5. Explain any conflicts of interest that Enron's relationship with Arthur Anderson, its law firm, and other outside gatekeepers involved. 6. What were the key findings of the Senate Subcommittee's report regarding Enron's Board of Direcotrs? 7. How did the Sarbanes-Oxley Act address the main issues raised by Enron's actions and eventual collapse? You may use outside sources but should concentrate on applying assigned materials. In either case, make explicit reference to your sources. No citations/references are needed for assigned texts; indications of the author'.

1. Read the Enron case study by Hamilton (listed under study by Hamilton (listed under
the editor's name--Donladson--in e-reserves), the Senate Subcommittee Report, and
the StudentGuide to the Sarbanes Oxley Act (Prentice and Bredeson). Then watch the
film Enron: The Smartest Guys in the Room and the interview with Senator Paul
Sarbanes. Based on these materials, answer the following questions:
1. What business practices helped lead to Enron's collapse? In particular, what were the
role of debt, equity, and what Hamilton called Enron's "asset heavy" and "asset light"
strategies?
2. Who were the main stakeholders in the Enron case? Who benefited from its success
and who suffered from its failure?
3. What issues of governance and ethics arose in the case and what was the role of
Enron's culture in its collapse? Tie your answer to the four main principles of corporate
governance - responsibility, accountability, accountability transparency, and fairness.
4. According to de Kluyver, what managerial red flags should analysts and Enron's
Board of Directors have seen?
5. Explain any conflicts of interest that Enron's relationship with Arthur Anderson, its law
firm, and other outside gatekeepers involved.
6. What were the key findings of the Senate Subcommittee's report regarding Enron's
Board of Direcotrs?
7. How did the Sarbanes-Oxley Act address the main issues raised by Enron's actions
and eventual collapse?
You may use outside sources but should concentrate on applying assigned materials. In
either case, make explicit reference to your sources. No citations/references are needed
for assigned texts; indications of the author's last name should suffice. However, if you
use outisde sources, provide citations and references.
1. What business practices helped lead to Enron's collapse? In particular, what were the role of
debt, equity, and what Hamilton called Enron's "asset heavy" and "asset light" strategies?
2. Who were the main stakeholders in the Enron case? Who benefited from its success and who
suffered from its failure?
3. What issues of governance and ethics arose in the case and what was the role of Enron's
culture in its collapse? Tie your answer to the four main principles of corporate governance -
responsibility, accountability, accountability transparency, and fairness.
4. According to de Kluyver, what managerial red flags should analysts and Enron's Board of
Directors have seen?
5. Explain any conflicts of interest that Enron's relationship with Arthur Anderson, its law firm,
and other outside gatekeepers involved.
6. What were the key findings of the Senate Subcommittee's report regarding Enron's Board of
Direcotrs?
7. How did the Sarbanes-Oxley Act address the main issues raised by Enron's actions and
eventual collapse?
You may use outside sources but should concentrate on applying assigned materials. In either
case, make explicit reference to your sources. No citations/references are needed for assigned
texts; indications of the author's last name should suffice. However, if you use outisde sources,
provide citations and references.