Hell even if not on purpose. The point of a board is oversight. If management can commit illegal acts without the board's knowledge, the board has failed. Of course incompetence in a board role shouldn't lead to prison. But it should at least bar someone from future board jobs for a few years.
Hell even if not on purpose. The point of a board is oversight. If management can commit illegal acts without the board's knowledge, the board has failed. Of course incompetence in a board role shouldn't lead to prison. But it should at least bar someone from future board jobs for a few years.