this post was submitted on 24 Jan 2024
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[โ€“] cmnybo@discuss.tchncs.de 21 points 9 months ago (1 children)

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

[โ€“] jbloggs777@discuss.tchncs.de 12 points 9 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.