news related : CORPORATE DIRECTORS AND PERSONAL ACCOUNTABILITY [+] serious ballot by Cathexis created Mon Jan 17, 05 When shareholders sue directors for alleged malfeasance, the money for any settlement usually comes from either the company's own coffers or their insurers. This essentially means that the directors get off scott free -- they don't have to pay a dime for their wrongdoing. But that all changed a couple of weeks ago (Jan 2005), when New York State Comptroller Alan Hevesi reached an almost unprecedented settlement with the directors of WorldCom, holding them personally accountable for not stopping the accounting fraud that the company's managers perpetrated on their watch. Business law has traditionally held that (in most cases) executives are indemnified from personal legal action, if they were acting as agents for their corporation. Do you believe corporate directors should have personal accountability for their companies? Or should they be indemnified from such responsibility? Should have personal accountability Should be indemnified/shielded from such threats Other (comment) Ballot #64868 : SEE RESULTS Comment: show your vote with comment?

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