According to reports, Wakeham, along with 50 other individuals connected to Enron, has been subpoenaed to give evidence in front of the Senate’s governmental affairs committee.
In particular, the committee will want to quiz Wakeham over the part he played as a key member of two board committees – the company’s audit and compliance committee and a separate committee designed to protect shareholders’ interests.
Wakeham, who carved his reputation as Margaret Thatcher’s ‘Mr Fixit’ has been a non-executive director at Enron since 1994.
As Energy secretary he gave consent for Enron to build Britain’s largest private power plant on Teeside.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements