this post was submitted on 23 Nov 2024
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How do you criminally charge an organization? Like who's reponsible? CEO? Stockholders? The Board of Directors?
In order to be a director of a business you have to assume the legal responsibility of the organisation. You need more than 1 director and ignorance is not an excuse, there are expectations of awareness and involvement for anyone legally in a director role.
Here's an explanation from the Associated Press. The penalty is usually a fine, which impacts stockholders by making the stock less valuable and could lead them to remove board members or demand the termination of executives. It's rarely used, but there is a corporate death penalty.
Of course they can always compensate for this by firing a bunch of people.
The fact that I’ve never heard of the corporate death penalty until now, but they’re bringing back the actual death penalty says everything.
"I'll believe corporations are people when Texas executes one."
Well stockholders don't have executive capabilities. The CEO is responsible. Could hold board responsible too if they knew.
You could revoke their corporate charter.