Enron Corporation Essay Example | Topics and Well Written Essays - 2750 words

Enron Corporation - Essay ExampleApparently, companies in the present day scenario emphasise more on developing themselves as an improved unit both in an good and legal manner. Observably, care focuses more on confirming that their operational activities cause minimal negative reach on people of the external business environment (Jennings, 2010 Blythe & Zimmerman, 2005). However, with the emergence of high profile corporate breakdowns in the recent years, questions deport been raised on the present rules and frameworks along with the effectiveness of the corporate governance practices amid the companies. In this regard, the corporate make of Enron is one of the prime example where the ineffectiveness of corporate governance practices is largely distinct (KPMG, 2010 Baijal, n.d.). In order to acquire a comprehensive understanding with regard to the failure of the company i.e. Enron, this canvas will highlight the corporate issues and gaps of the company prior to its downfall w hich ultimately resulted in its total collapse. The examine will also ensure a thorough discussion about how the laws of corporate governance have strengthened aftermath of the Enron downfall.As depicted above corporate governance is one of the most critical aspects that are associated with the operations of the business units in the modem day business context. In todays scenario the constitution of any business is largely determined by its ability to assure appreciative performance in the domain of corporate governance. However, with the increasing number of accounting fraud and failures of companies to adhere to particular legal and ethical standards in conducting business, the aspect of corporate governance has emerged as one of the major issue in the business sector today. The issue of corporate governance has mostly gathered strength especially after the collapse of Enron owing to accounting frauds in the year 2001. However, in order to depict the actual reason