Corporate Failures following the 2001 Enron crisis had common failure factors according to the report of the PAIB of IFAC (IFAC 2004). These problems did not disappear after 2004 and were also prevalent during the Global Financial Crisis (GFC).

I. Identify and discuss at least three common corporate failure factors post Enron crisis.

II. Explain three lessons that body corporates learnt from the Global Financial Crisis. Support your explanations with relevant examples from cases of corporate failures.

III. Discuss your understanding on the continued evolution of corporate governance