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LatestAccounting And Audit 25 June 2026

Comparative Analysis of Enron's Board Committees and Post-Reform Governance in India

This in-depth analysis compares the corporate governance reforms in the United States and India, specifically focusing on board committees and accountability measures post the Enron scandal. The authors highlight key differences and similarities between the Sarbanes-Oxley Act, Companies Act 2013, and SEBI LODR Regulations.

Enron To India: A Comparative Analysis Of Board Committees And Post Enron Reforms

Enron's corporate collapse in 2001 led to a significant overhaul of corporate governance laws in the US. The Sarbanes-Oxley Act of 2002 introduced stricter regulations, including those regarding auditor independence and internal controls.

In India, the Companies Act 2013 and SEBI LODR Regulations were enacted to improve corporate governance.

**Key provisions in Indian legislation:*
• Board committee formation and roles
• Independent directors and their responsibilities
• Auditor powers and role in corporate governance
• Enhancements to internal control measures

The comparison highlights the role of independent directors, _(with Indian law modeled on international standards)_.

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