Boeing charged with 737 Max fraud conspiracy and agrees to pay over $2.5B

Re:Boeing charged with 737 Max fraud conspiracy and agrees t... by yulaow on Thursday January 07, 2021 @04:48PM (#25678021)

C-levels should be personally responsible for the decisions "made by the corp". They will need to obviously add checks and verification to what happens inside the company and could not claim anymore they "didn't know" because it would be explicit that their role is exactly to know and respond for it. Simple as that

[ Parent | on HN ]

Re:Boeing charged with 737 Max fraud conspiracy and agrees t... by AnimalMuppet on Thursday January 07, 2021 @05:02PM (#25678211)

"Knew or should have known". If you're a C-level exec, and you don't know, it's your fault that you don't know.

[ Parent | on HN ]

Re:Boeing charged with 737 Max fraud conspiracy and agrees t... by robotdongs on Thursday January 07, 2021 @04:57PM (#25678135)

This already occurs with SOX, it's definitely a workable model for processes and decisions not just impacting the finical statements.

[ Parent | on HN ]

Re:Boeing charged with 737 Max fraud conspiracy and agrees t... by t0mas88 on Thursday January 07, 2021 @05:54PM (#25678818)

In theory SOX only has benefits, but in practice the compliance costs due to it are very high. I'm sure some of that is for the better (bad oversight before SOX) but I can't imagine the insane paper tigers that come out of it are a net positive in the end.

[ Parent | on HN ]