ABSTRACT
In May 2006, a jury of eight women and four men in Houston, Texas, did what all of the regulators, investors, analysts, banks, boards, legal advisors and market checks and balances could not—concretely convict Enron’s leaders of historic failures and human losses. A system of investment analysis that includes the broader view is Total Corporate Responsibility. Investors in particular have an interest in spotting future Enrons, and as such could be key enforcers of better corporate governance. The area where the information flow to investors could be improved is the production of more quantitative indicators of social and environmental performance rather than corporate intentions and management systems. An important example of high-level collaboration to combat corruption involving corporations is the formation of a coalition involving the World Economic Forum, the United Nations Global Compact, the International Chamber of Commerce and Transparency International, the latter of which established the Business Principles for Countering Bribery.
