Corporate corruption and accounting fraud

Enron Corporation collapsed in October 2001 due to its involvement in corporate corruption and accounting fraud. The top executives failed to discharge their duties and responsibilities towards their employees and the society. The company had hidden facts to the regulators with fake holdings and off-the-books accounting. As a result the shareholders of the organization lost $74 billion, which ultimately led to its bankruptcy.

Suggest and explain any THREE strategies that Enron Corporation could have implemented to ensure good corporate governance regulation in the organization.