2. The company did not have a strong system of internal controls. This allowed Wright and other executives to engage in unethical and illegal activities without being detected.
3. The company's accounting practices were not transparent. The financial statements were misleading, and they did not give投资者a true picture of the company's financial condition.
4. The company did not have a strong compliance culture. Employees were not aware of the company's ethical and legal obligations, and they were not afraid to break the rules.
5. The company's board of directors did not take their oversight responsibilities seriously. They did not ask tough questions of management, and they did not hold management accountable for their actions.
These issues allowed Wright and other executives to engage in a massive fraud that cost the company billions of dollars and destroyed the livelihoods of thousands of employees.