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MADISON, Wis. – Attendees at the World Council of Credit Unions’ 2005 conference will have the opportunity to hear Sherron Watkins, the former vice president of Enron who is renowned for blowing the whistle on internal power abuses, speak on the topic of the importance of governance and the role of ethics in business. Watkins began working for Enron in 1993. In August 2001 she alerted then-CEO Kenneth Lay about accounting irregularities which eventually led to the exposure of unethical behavior and the demise of Enron. Since resigning from Enron, Watkins has been lecturing throughout the country about her experience and what she has learned from it and testified before Congress on the collapse of the company. She has also co-authored a book entitled “Power Failure: The Inside Story of the Collapse of Enron.” Watkins opines that white-collar crime involves three factors: “extreme pressure to meet a goal.the opportunity to cheat [and] the rationalization that it’s not cheating.” During her keynote address she will elaborate on these factors and discuss governance. WOCCU’s 2005 conference will be held in Rome, July 24-27. At the conference the organization will present International Credit Union Governance Principles to its General Assembly for adoption.

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