October 29, 2002
Willkie counsel Governor Mario M. Cuomo serves as a featured keynote speaker at the 2002 Turnaround Management Association Annual Conference, focusing his remarks on the Enron aftermath and broader issues of corporate reform.
Willkie partner and former New York State governor Mario M. Cuomo recently served as a featured keynote speaker at the 2002 Turnaround Management Association Annual Conference. With more than 5,300 members in 31 chapters, the TMA is the leading international association of turnaround professionals who help businesses manage and improve their performance during periods of dramatic change. Governor Cuomo focused his remarks on the Enron aftermath and broader issues of corporate reform. He told the group of turnaround professionals that he believes “the enhancement of powers of the Audit Committee and the new requirements of independent Directors, especially on the Audit and Compensation Committees, will prove to be useful in restoring trust in our corporate operations.” He underscored the importance of restoring public trust in corporate America, impressing that “when people lose trust they don’t buy and they don’t invest and we need to have more people wanting to do both.” Noting that by 2005 all members of the European Union will abide by a single new set of international financial reporting regulations, Governor Cuomo urged attendees “to give some concerted attention to the matter of how our nation can now converge with the European Union producing one set of standards.”