Hearings to Probe Enron, Discuss Reforms
This week, a full slate of congressional hearings on Enron Corp. and the issues raised by the Houston energy trader’s collapse, including accounting and pension reforms, is scheduled. Among them:
* Tuesday, Senate Banking Committee hearing on accounting and investor protection. Witnesses include Charles Bowsher, chairman of the Public Oversight Board and former U.S. comptroller of the currency.
* Wednesday, Senate Governmental Affairs Committee hearing on why corporate credit rating firms maintained high ratings for Enron up to a few days before the energy giant filed for bankruptcy protection Dec. 2 and the role and responsibilities of the firms.
* House Financial Services Committee hearing on the Corporate and Auditing Accountability, Responsibility and Transparency Act.
* House Financial Services capital markets subcommittee hearing on the role of boards of directors, executives and audit committees in publicly traded companies.
* Wednesday and Thursday, Senate Banking Committee hearing on accounting and investor protection issues. Witnesses Thursday include Securities and Exchange Commission Chairman Harvey Pitt.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
