4 ms·
I don't know of any examples. I think usually they are low profile civil cases not criminal. I know there are cases where an executive has made fraudulent dec
by throwaway2016a 9y ago
I don't know of any examples.
I think usually they are low profile civil cases not criminal.
I know there are cases where an executive has made fraudulent decisions and gotten charged personally for fraud vs the company.
I have first hand knowledge of several at smaller companies where the board of directors sued an ex executive or sometimes another member of the board.
There are also several high profile cases going through courts around Blockchain companies where the government is arguing that the executives themselves are willing participants in money laundering.
Importantly, breaching your duties does not mean you are bad at your job. If you lose the company lots of money because you suck at your job you probably aren't in breach. You have to intentionally make a decision that is not in the interest of the people you have a duty to.