It probably needs an innovation in articles of incorporation, something like the "benefit corporation" that would bind a certain criminal liability to the board

It probably needs an innovation in articles of incorporation, something like the "benefit corporation" that would bind a certain criminal liability to the board and/or officers in a very explicitly way. Right now they don't see jail time except in pretty narrow cases, like say Enron, where it was violations of fiduciary duty. Enron, and its auditor, did basically get the corporate death penalty (they're gone). And the shareholders were destroyed.