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What five transgressions could hold a director liable for prosecution?
Wiki User
∙ 12y ago
Some actions could result in criminal convictions.
- They include failure to keep proper accounting records, fraudulent trading, health and safety shortcomings, insider dealing and misappropriation of company funds.
Wiki User
∙ 12y ago
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What are the 5 transgressions that could hold a company's director liable for prosecution?
abusing the juristic liability of the company
Transgressions that could hold a director liable for prosecution?
Profiting from trading on insider information.Price fixing with competitors.Stealing from the company or its customers.
What transgressions could hold a director liable for prosecution?
In general, it must be a crime that financially damages the corporation. Other crimes, he'd only be being prosecuted for what he did as a citizen. For instance, a director might find himself prosecuted for personal malfeasance, like embezzlement or blatant conflict of interest violations, or participating in some racketeering type scandal or fraud. As to crimes that the corporation itself may have committed, it is rare that a director would be personally prosecuted for the corporation's actions. That is one of the reasons people incorporate, after all. There have been some cases of the wholesale prosecution of an entire board, but these are rare things involving some historical examples of "trust busting" or over-zealous enforcement of anti-trust laws.
If a person takes drugs into a party what are they doing?
the drugs, obviously. If they are controlled drugs they are breaking the law and could be liable to prosecution
What are the legal implications of dog fighting?
Dog fighting is completely against the law and you could be liable to prosecution under the cruelty to animals act and also probably illegal gambling if this can be proven.
What is important to remove inappropriate or potentially offensive language when writing text?
Why is it important to remove inappropriate or potentially offensive language when writing text
Is it illegal to be on the lease with someone that receives public housing in Florida and live in another house in the same county?
If you are party to committing fraud by having your name on the lease or being named on the application for housing assistance, then yes, you could be liable for prosecution.
If someone dies from alcohol poisoning after leaving your party are you liable?
You could be liable yes.
Are you liable if your dog bit another dog?
If it was in your yard, then you should be ok....but if you were in a public place, they could hold you liable.
What will happen if you do a felony for the first time and your 16?
It depends in which country you reside and what you did.
Is this grammatically correct road liable to flooding?
Not really.The road may be prone to flooding, or subject to flooding.Although you may say "this road is liable to flood" colloquially.In using "liable to _____" one would use the verb infinitive. As you could say "it is liable to rain" (not raining) or "the dog is liable to bark" (not barking), so you could correctly say "That area is liable to flood in the next big storm." but not "liable to flooding." This construction might still be seen used, although it is ungrammatical.
What is the meaning of women in light carriage?
women who engaged in extramarital affairs; they might be subject to prosecution in church courts or to a variety of traditional shaming rituals that made their transgressions public. Women of 'light carriage' could be publicly whipped and dragged through the streets on wooden carts or skimmingtons. The humiliating spectacle of the punishment was considered important as a deterrent of repeat offenses and as a cautionary lesson to others.
