From Enron to Volkswagen: the Critical Importance of Governance, Culture, Compliance and Ethics

August 11, 2016

The recent revelation by Volkswagen of its installation of software which operated emissions controls only in the presence of testing, and the fraudulent reporting of compliance with emission control standards clearly surpasses the governance and financial fallout associated with the downfall of Enron more than a decade ago. Once again, the Volkswagen episode dramatically highlights the critical importance of board oversight, an ethical culture and a functional compliance system.

Panelists:

• John H. Stout, Partner, Fredrikson & Byron P.A. (moderator)
• Robert E. Bostrom, Senior Vice President, General Counsel & Corporate Secretary, Abercrombie & Fitch Co.
• Charles M. Elson, Edgar S. Woolard, Jr. Chair in Corporate Governance, Director of the John L. Weinberg Center for Corporate Governance, University of Delaware
• Chris Johnson, CEO & Co-Founder, Center for Justice, Rights & Dignity
• Roland Trope, Partner, Trope and Schramm LLP

Presented by: Corporate Governance Committee

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