The announcement, made in a company statement, also included a pledge by chief executive Stephen Cooper to resurrect the company from its bankruptcy filing.
The Enron CE said: ‘The new Enron and its Board are committed to ensuring that communication within the company is open and free-flowing, particularly as to any matters of professional concern regarding Enron’s business affairs.’
In another statement, current board member William Powers, Jr announced his decision to step down from the board of directors. Powers joined the board on 31 October 2001 for the purpose of chairing the Special Investigative Committee to investigate related party transactions.
‘I now need to devote all of my energies to being Dean of the University of Texas School of Law,’ Powers said.
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