The problem is when the execs start feeling like they will never be caught - or worse, when they start tricking themselves into thinking that what they're doing isn't fraud.
Sure, they'll be caught eventually and punished, but the damage is done.
Sure, they'll be caught eventually and punished, but the damage is done.
It was also suggested on this thread that a carrot-and-stick (fines for the less compliant, tax reduction for the more compliant) would be pretty clever.
There, you have a mechanism for private individuals to suing companies and directory for siphoning profits away from the business and essentially force officers and directors to think long terms.
I don't know if this would work but it seems better than any scheme I've heard.