Some potential solutions: Governments could decide corporations must have actual named people in charge, ID by say passports or drivers licenses validated in person at an office to be issued an LLC or whatever.
I think the forced “this person is ultimately to be held accountable” would help a lot.
They can break it up if they want, based on company size in that country. Have responsible persons for departments and so on. But only in addition to the one at the top, so now they are jointly held accountable, each 50%, basically.
These people as you say need to be verified with ID and all, and on top of that need to have their finances registered as, like I said, they’re responsible. If the company fucked it up, they fucked it up.
jmp242@sopuli.xyz 1 year ago
This sounds like a good idea, but is basically getting rid of LLCs entirely and going back to partnerships or some other structure. That said, having LLCs kind of lets people just do bad stuff and no-one is responsible. I think the idea of LLCs was potentially OK (hard to get stockholders if every investor is personally liable for what the company does), the people making decisions on a daily basis need to not be shielded IMHO. And / Or we need to get more comfortable with a corporate death sentence where courts just regularly revoke the license / charter if the company is bad enough.
abhibeckert@lemmy.world 1 year ago
It’s not just stock holders. I wouldn’t even hire an employee if I was criminally liable for things they do when I’m not even in the same city as them.
Steve@communick.news 1 year ago
Yet people managed to run restaurant’s, and all manor of other businesses before 1977!
(1977 is when LLC classification was first created in Wyoming)