Congressional Oversight Records Database

The Permanent Subcommittee on Investigations of the Senate Committee on Governmental Affairs sought to determine the role of the Enron Corporation Board of Directors in the company's bankruptcy. The Subcommittee interviewed 13 of the 15 board members and analyzed over a million subpoenaed documents relating to Enron and its collapse. The report found that the Enron Board of Directors "failed to safeguard Enron shareholders and contributed to the collapse of the seventh largest public company in the United States, by allowing Enron to engage in high risk accounting, inappropriate conflict of interest transactions, extensive undisclosed off-the-books activities, and excessive executive compensation. complicit in several financial mistakes which led to the downfall of the company.”