It’s been less than four years since the catastrophic melt-downs at Enron and World-Com — which shredded the reputation of corporate America — along with all those documents. Those scandals are now history — and investor confidence much restored — thanks in part to new standards for financial disclosure and mandates for greater accountability by corporate officers and Boards of Directors. But there’s also been a backlash. Big business complains it’s hobbled by too much regulation. The current Chairman of the Securities and Exchange Commission– known as a tough enforcer, is quitting and President Bush has chosen a business friendly Republican ally to take his place. Some say this move is a much needed correction — others are calling it a big wet kiss for American corporations.
Guests:
Krishna Palepu, Senior Associate Dean and Director of Research at the Harvard Business School
David Chavern, Director of the Corporate Government Initiative for the U.S. Chamber of Commerce.