Asked by David Frigoletto on May 27, 2024
Verified
Because of their positions within the corporation, directors cannot be held liable for the crimes of corporate employees.
Corporate Employees
Individuals who are hired to work for a corporation and often enjoy certain benefits and legal protections.
Directors
Individuals elected by shareholders to oversee and make decisions for a corporation.
- Understand the legal and fiduciary responsibilities of corporate directors and officers.
Verified Answer
EH
Ezzeldin HegazyMay 30, 2024
Final Answer :
False
Explanation :
Directors can be held liable for the crimes of corporate employees if it is proven that they were complicit in the crime, failed to supervise properly, or did not take reasonable steps to prevent the crime.
Learning Objectives
- Understand the legal and fiduciary responsibilities of corporate directors and officers.
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