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Browse: Home / 2012 / June / 08 / To Encourage the Others?: Imposing Personal Liability for Corporate Fines on Individual Officers — The D & O Diary

To Encourage the Others?: Imposing Personal Liability for Corporate Fines on Individual Officers — The D & O Diary

By Securities Docket on June 8, 2012, 8:05 pm

I appreciate that many believe corporate executives need to be held more accountable. Nevertheless, I am concerned that as a result of the increased tendency to try to impose liability on corporate executives without culpability, there is a contrary danger that corporate executives could be held liable too frequently, or at least in instances when they have done nothing themselves to deserve it. Scapegoating any individual – even a highly paid investment banker – for circumstances in which they were not involved and of which they were not even aware is inconsistent with some of the most basic assumptions of a well-ordered society governed by law.

via To Encourage the Others?: Imposing Personal Liability for Corporate Fines on Individual Officers — The D & O Diary.

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Posted in Class Actions, Industry | Tagged Liability, Officers, Web Watch

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