> Can a board member be reasonably responsible for the actions of tens of thousands of employees if they have not explicitly enabled or condoned criminal behaviour?
Not sure what the answer is, but if the answer is yes, then that incentivizes them to build the oversight and reporting capabilities to be able to steer away from crime, and to hire noncriminal subordinates &c.
One way this could look in practice is board members having to post a large bond that gets taken away if the commpany is found to commit crimes during their tenure.
Not sure what the answer is, but if the answer is yes, then that incentivizes them to build the oversight and reporting capabilities to be able to steer away from crime, and to hire noncriminal subordinates &c.
One way this could look in practice is board members having to post a large bond that gets taken away if the commpany is found to commit crimes during their tenure.
Anecdotically, the Real Madrid requires a large bond (57M) posted by the president. http://news.bbc.co.uk/sport1/hi/football/europe/8076515.stm