Enron - Question #2 - Amanda Guay

If I was an employee for Enron during the late 1990s I would believe that Enron's board of directors were performing their fiduciary duties. A few years later I would have been proven to be a fool. The board of directors of Enron were clearly not performing their fiduciary duties during the late 1990s because they lied, cheated, and cooked the books every way that was humanly possible.

The effectiveness of the board may have been limited by the fact that Kenneth Lay was chairman because even though he may not have been calling the shots, he still had a very strong influence on a lot of the illegal transactions that occurred. This proves to me that a board of directors can be influenced at any time by a dollar sign, even if it means hurting the futures and retirement funds of their employees. Though I know not all board of directors scam, Enron's board of directors does make me second guess their intentions.