Banks receiving huge fines

[Jeff Maginty]

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[Robinho]

Is it not time that the government brought in a new law to make a bank's directors personally liable for any fines incurred by the bank that are due to the way the bank was run?

When the bank itself is fined, it simply hurts the shareholders, who don't have any say in the running of the firm. Would it not be fairer to fine the directors, since they are the people who had the power to prevent the behaviour that resulted in a fine?

The company hired the director. They could always sack him or take him to court and sue him.

[Jeff Maginty]

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[DimPrawn]

Is it not time that the government brought in a new law to make a bank's directors personally liable for any fines incurred by the bank that are due to the way the bank was run?

When the bank itself is fined, it simply hurts the shareholders, who don't have any say in the running of the firm. Would it not be fairer to fine the directors, since they are the people who had the power to prevent the behaviour that resulted in a fine?

Are you really that naïve?

The banks own the govt.

[Jeff Maginty]

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[gingerjedi]

Can we not get in there first and fine them ourselves? I'd rather UK PLC had £1.2Bn than the yanks.

[Spacecadet]

The company hired the director. They could always sack him or take him to court and sue him.

Quite often its the board, appointed by the shareholders, or at least partially represented by the shareholders who appoint the directors.
Directors may or may not sit on the board.

If the shareholders don't like how the company is being run then they should make themselves heard
Directors bonus/termination/golden handshake remuneration after leaving the post should be made in staggered payments which can easily be stopped if anything comes to light.
Of course that won't happen cause it's one big club with the same people sitting on various boards getting each other plum jobs in each others companies!