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Being a corporate officer means getting-the-fuck-out-of-Dodge the moment things get questionable. Check out "STRICT LIABILITY FOR CORPORATE EXECUTIVES" on page
by alrs 9y ago
Being a corporate officer means getting-the-fuck-out-of-Dodge the moment things get questionable.
Check out "STRICT LIABILITY FOR CORPORATE EXECUTIVES" on page 3:
http://www.nortonrosefulbright.com/files/20160801-criminal-and-civil-liability-for-corporations-officers-and-directors-142383.pdf http://www.nortonrosefulbright.com/files/20160801-criminal-a...
- metafunctor 9y agoOP is in the middle east, so the linked document is probably not relevant. However, similar laws do exist in many countries.
- busterarm 9y agoIt will affect them if they plan on traveling to the United States...ever.
- __abc 9y agoI and fellow colleagues had to do this once. As a founder I gave up 7 years of building that company due to some really unethical moves by the CEO. At the end of the day, as a c-suite officer, I would have been liable by being complicit. Once I stated my objection, I and my fellow c-suite colleagues went to the board with our objection, and CEO decided to continue executing the unethical behavior, I and a few of my c-suite colleagues all bailed. That sucked hard. PS. That signal from us leaving ended up preventing the securities fraud that was about to happen.