• cmnybo
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    10 months ago

    The fines need to be large enough to upset the shareholders if they are going to have any effect.

    • Joe
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      10 months ago

      I’d say that the board members also have to have some personal liability (criminal of course, but also limited financial liability and a temporary or permanent ban on serving on any board or executive (legally responsible) position, depending on circumstances. Incentives must be aligned, and not something that they can justify as a cost of doing business.