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A two part question:
1) Do you think we should slow down the dependency of China's imports and start buying more USA products made in the good old USA?
It would depend on whether the business was governed by The Partnership Act 1890 or if they had a wriiten agreement, saying as to who is responsible for what and their limits..if not the the "veil of incorperation" could be lifted by the courts and each one in turn then could be liable.
Whether it is fair does not come in to it really.
FörtyTwö
Too many chiefs and not enough Indians, the CEO should be fired for bloating the payroll by redundancy.
If a Director? is at blame for an incident that is contrary to the job then that individual should be held accountable. If a Director? knew that others were abusing the Company and did nothing about it, then that Director is as at fault as any that did take place in alleged actions.
migelito
It depends on how the other directors where implicit in the fraud. If it is reasonable to assume they should have seen what was going and but did nothing to stop it then they should be prosecuted. Directorship has its responsibilities as well as its rewards and these people are paid lots of money to run the company. In some case many innocent employees could suffer because of their negligence.
Ian :-)
Dorectors are answereable for the actions of their company.
If they are good directors they will know what is going on and should have stopped anything bad being done by other directors. If they didn't then they take the credit or the blame of the company like everyone else.
moikel@btinternet.com
Company Law says ALL directors are equally liable they are supposed to keep and eye on each other, otherwise one may fall scapegoat and the other claim ignorance.
Ignorance is no defence for breaking a law.
if the other directors did nothing, by not stopping fraudulent behaviour they were themselves breaking the law!!