Being a corporate officer means getting-the-fuck-out-of-Dodge the moment things get questionable.
Check out "STRICT LIABILITY FOR CORPORATE EXECUTIVES" on page 3: http://www.nortonrosefulbright.com/files/20160801-criminal-a...
Check out "STRICT LIABILITY FOR CORPORATE EXECUTIVES" on page 3: http://www.nortonrosefulbright.com/files/20160801-criminal-a...
At the end of the day, as a c-suite officer, I would have been liable by being complicit.
Once I stated my objection, I and my fellow c-suite colleagues went to the board with our objection, and CEO decided to continue executing the unethical behavior, I and a few of my c-suite colleagues all bailed.
That sucked hard.
PS. That signal from us leaving ended up preventing the securities fraud that was about to happen.
However, similar laws do exist in many countries.