Notice of RetractionBriefly Discuss on Enterprise Risk Prevention from Lehman´s Bankruptcy

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Following the bankruptcy of the Industrial Bank and the huge loss of China Aviation Oil (Singapore), Lehman Brothers searched for bankruptcy protection. The incident was not simply due to the inherent risks in derivative financial instruments, while the deeper reason was there had no good risk preventions at the macro-micro level. So, there is a need to build a comprehensive and good risk prevention system to guard against such risks, make risk prevention measures from the enterprise´ internal and external environment and ensure these measures to be carried out strictly. In this paper, on the basis of the full study on the internal and external causes of Lehman´s bankruptcy, in addition to China´s specific conditions, the authors make some specific suggestions for reference.