PracticeAuditWakeham to quit Enron board

Wakeham to quit Enron board

Lord Wakeham is one of six directors to quit the Enron board according to an announcement filed by the company last night.

Wakeham’s departure will be seen as the first sign that Stephen Cooper, the restructuring expert appointed as interim chief executive last month, is asserting his authority over the troubled energy company.

Lord Wakeham, who was forced to step down from his position as chairman of the UK’s Press Complaints Commission, sat on Enron’s audit committee.

Other departing directors include Robert Jaedicke, a professor of accounting at Stanford University.

Wakeham, a chartered accountant, could also be the subject of an ICAEW investigation following complaints made by the TUC about his role in the Enron affair.

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