The ESG Weekly: Wirecard collapse exposes lack of proper governance
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This Thursday, one of the hottest companies in Europe, Wirecard, filed for insolvency as its former CEO was arrested on suspicion of false accounting and market manipulation. It is one of the largest cases of possible fraud at a single company since Enron. But how could such a thing happen at a company with not one, but two oversight boards? And what does this mean for how we assess companies going forward? Then we have a history lesson on past scandals by a man who has seen some of the biggest.
The ESG Weekly: Wirecard collapse exposes lack of proper governance