Risk & new rules

The consequences of the Enron debacle and other eminent corporate collapses have been farther-reaching than even the most pessimistic among us could have predicted, at least initially. The scandals have led, directly or indirectly, to legislation and proposed legislation in the fields of auditing, corporate governance, options accounting and pension fund management, among others. They have also contributed to a dramatic rise in insurance premiums, particularly in the arena of indemnity insurance