Take away the concept of limited liability. Shareholders are responsible for the crimes the company they own commits.
This will create an insurance industry to protect shareholders and they would force companies to demonstrate compliance with regulations to keep premiums low.
If someone in the company committed fraud to deceive the owners then they can try to sue him. He can go to jail too if it’s criminal.
Making it so owners are not responsible for the actions of the company that makes them money is why the system is broken.
Limited liability corporations were initially created for large public projects like bridges where the liability was too high to attract investors, but the public benefit was very large. Where is the public benefit now?
Take away the concept of limited liability. Shareholders are responsible for the crimes the company they own commits.
This will create an insurance industry to protect shareholders and they would force companies to demonstrate compliance with regulations to keep premiums low.
If someone in the company committed fraud to deceive the owners then they can try to sue him. He can go to jail too if it’s criminal.
Making it so owners are not responsible for the actions of the company that makes them money is why the system is broken.
Limited liability corporations were initially created for large public projects like bridges where the liability was too high to attract investors, but the public benefit was very large. Where is the public benefit now?
God I wish