Ethics

Compliance & Ethics

Enron's compliance and ethics function, embedded within the Risk Assessment and Control group, administered the Code of Ethics, Restricted Lists, ethical wall procedures, and anonymous reporting facilities -- a formal infrastructure that failed to prevent or detect executive-level fraud.

department compliance ethics

Valhalla Scandal

A 1987 oil trading fraud at Enron's New York subsidiary that exposed the company to over $1 billion in unauthorized positions and established a pattern of tolerating rule-breaking that would persist until Enron's collapse fourteen years later

fraud oil-trading ken-lay