I'm surprised that you think this is a solution - this won't solve anything besides making it easier for management to blame engineers because it doesn't target

I'm surprised that you think this is a solution - this won't solve anything besides making it easier for management to blame engineers because it doesn't target the people making the ultimate judgement call - the leadership. The leadership (including the board who are proxies for stockholders) is ultimately liable - they hire, fire, set the strategy, values, and goals for the company. They reap the rewards of profits and take on some risk. That's the difference between a regular employee and an officer. When you have a business that involves public safety like car and airplane manufacturers, a large part of your business should be ensuring that everyone from the lowest level employee to the CEO is at or above industry standards for safety.