Corporate officers and directors are under siege. Stock prices are falling, balance sheets must be restated, and indictments are being filed. In a recent speech to the National Press Club in Washington, D.C., Henry Paulson, Chairman and CEO of The Goldman Sachs Group, said:
“In my lifetime, American business has never been under such scrutiny. To be blunt, much of it is deserved. . . . [T]he Enron debacle and subsequent revelations have revealed major shortcomings in the way some US companies, and those charged with their oversight, have gone about their business. And it has, without doubt, eroded public trust.”[1]�
