The Aftermath of WorldCom and Enron Panel
The Aftermath of WorldCom and Enron
Has Corporate Governance Really Changed as a Result of Sarbanes-Oxley Act?
Tuesday, April 9, 2019
12:30 p.m. – 1:45 p.m.
Uris Hall, 1st Floor, Room 142
Columbia Business School
Lunch will be provided with RSVP.
After the downfalls of WorldCom and Enron in the early 2000’s, the United States passed a federal law which set new and expanded requirements for all U.S. public company boards, management and public accounting firms. The Sarbanes-Oxley Act (SOX) was enacted as a direct reaction to a number of major corporate and accounting scandals, including Enron and WorldCom. But, has much really changed in regards to corporate governance as a result of SOX? This panel will answer that question and more as it provides a firsthand look at the background and behavior that led to SOX and will reflect on changes in corporate governance and audit oversight in light of the bill.
- Steve Harris, Staff Director and Chief Counsel of the Senate Banking Committee; A principal author of Sarbanes-Oxley
- John White, Chair of the Corporate Governance and Board Advisory Practice, Craveth, Swaine & Moore; Former Director of the Corporate Finance Division, SEC
- Douglas Maine, Former CFO, IBM and MCI (led the sale of MCI to WorldCom)
- Professor Wei Jiang (Faculty Moderator), Arthur F. Burns Professor of Free and Competitive Enterprise, Finance Division
This event is co-sponsored by the Student Leadership and Ethics Board, The Finance Division, and Government and Business Club as part of Leadership and Ethics Week 2019.
Warren Hall, Room 207
New York, NY 10025