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Why would the board be in jail? They are the ones who invested and may be losing money. Who did they defraud? Prison isn't a random card you can play to thre
by bpodgursky 9y ago
Why would the board be in jail? They are the ones who invested and may be losing money. Who did they defraud?
Prison isn't a random card you can play to threaten people who you don't like, unless you want to go back to the USSR.
- jackvalentine 9y agoThe Board of Directors is charged with overseeing the conduct of the business. Whilst I've only held board memberships in Australia I expect it's a concept that translates somewhat to other countries. Board members can be held personally responsible for the misconduct of a company (criminally as well as civilly).