So, I know this will tick a whole bunch of you off. But, the subject matter needs to be discussed.
We all know that Western Civilizations believe (not necessarily practice) in the concept of law that an individual may only be prosecuted and convicted of a crime should that individual be proven to have willfully or knowingly committed an unlawful act. But, in the corporate world, that practice has not routinely been the law of the land. The governments have been threatening to do so for transgressions of a financial, environmental, or food and drug laws. This is called the “responsible corporate office doctrine”, akin (of sorts) to how the IRS goes after corporate officers and check-signers for trust fund taxes (last week’s post).
Continue reading Responsible Corporate Officer Doctrine?
