The bankruptcy of Conseco Inc.--com...

The bankruptcy of Conseco Inc.--coming upon the heels of the high-profile bankruptcies of Enron Corp. and WorldCom Inc. and heightened transaction about corporate governance--might be the impetus for legislative and regulatory change, according to a financial clever

The corporate-governance issue isn't going to advance off the front burner, said Morris Reid, managing director with West-in Rinehart, a consultant service to the financial industry.

"There's a parcel of thinking in Washington that the worst of the worst is behind us, yet with this new bankruptcy, the incoming chairman of the banking committee--Sen. Richard Shelby, R-Alabama--has