Why can’t the shareholders collectively vote to jail the execs and install new leadership?
1) Shareholders can't put people in jail. 2) People generally don't act against their interest.
Shareholders can refer to the DOJ.
They could also sue in civil court. A director lying harms the company which is breach of fiduciary duty.
1) Shareholders can't put people in jail. 2) People generally don't act against their interest.
Shareholders can refer to the DOJ.
They could also sue in civil court. A director lying harms the company which is breach of fiduciary duty.