Business penalties shouldn't be fines but partial government ownership. This
1. hits the management/owners but in a way in keeping with the benefits/protections that corporation provide (government isn't directly coming after owners/management) so we keep a 'do business' friendly regulatory environment. Owners are simply diluted with less ownership and management now have the government operating from within giving the government more visibility.
2. Over time, companies that continue to break the law become government owned. Additional fine percentages should be on a increasing scale.
There needs to be rules about ownership and a time period they are held so the government doesn't just seize business but the current corporate fine structure simply doesn't work.
Personally I’d rather they dictate leadership must change, as well as board members. If the ceo is part of the board remove em they are clearly driving the problem as a conflict of interest.
1. hits the management/owners but in a way in keeping with the benefits/protections that corporation provide (government isn't directly coming after owners/management) so we keep a 'do business' friendly regulatory environment. Owners are simply diluted with less ownership and management now have the government operating from within giving the government more visibility.
2. Over time, companies that continue to break the law become government owned. Additional fine percentages should be on a increasing scale.
There needs to be rules about ownership and a time period they are held so the government doesn't just seize business but the current corporate fine structure simply doesn't work.