They have to actually commit a crime. And there are some things that a corporation can do that this happens - and SOX has criminal liability attached. But crimi

They have to actually commit a crime. And there are some things that a corporation can do that this happens - and SOX has criminal liability attached. But criminality requires stuff like intent and involvement. Often times the board is way too remote from the decision to be criminally liable by any sense of justice. It might feel good to say that but when discussing sending human beings to prison the bar should be high (even though it’s too low for many people not on a board). But material consequences for companies are monetary and since a company’s life is money, that’s actually usually pretty compelling.