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I tend to agree, but how do you deal with sketchy companies installing a sham board and executives?
by hamandcheese 6y ago
I tend to agree, but how do you deal with sketchy companies installing a sham board and executives?
- lostcolony 6y agoWhy try to stop it? Pretty sure a sufficiently enabled and incentivized prosecutor will be able to find the actual culprits. "Discovery" exists as a legal process after all. Sham boards/executives only are issues if the prosecution itself is a sham, more concerned with the appearance of the thing than deterrence.
- hamandcheese 6y agoMy interpretation of the GP was that if companies are guilty of wrongdoing, boards and executives should be imprisoned without any additional burden of proof required to establish individual culpability. This sounds somewhat appealing, as how can these people _not_ be responsible in some way? Otherwise, no need to single out the board.
- newsclues 6y agoYes, target the leaders responsible for criminal activities. But perhaps the shareholders should bear responsibility as well.
- Ekaros 6y agoMaybe if certain percentage of ownership can be proven, by any route. Let's say 1%. So you own 1% of company and it does some criminal. You will suffer 1% of penalty.