Indicators of governance system in companies          

Characteristics in Enron          

Communication with investors         

Lying and cheating         

The relationship with official legislators of systems and privilages         

Very strong relationship         

The number of independent non-executive managers         

Doubted independence         

Existence of ethical charter in the company of auditing committee         

Stated and undesired, uneffective and   there is a conflict in interests         

Compensation committee         

A claim was raised against the head of the committee for having deals inside the company         

Separation between the professions of internal and external auditing         

It is not existed because Arthur   Anderson office combined between them         

Existence of a system prohibit conflict of interests         

Not existed         

Existence of a clear definition for the tasks and responsibilities of managers         

It was put under table and faild   to accomplish its tasks         

Non-executive managers doing clear tasks in the company         

Minimum level