Accountability 1.7

Large corporations are required to assure American Communities of their personal safety, security and environmental protection by the following:
1. Accepting that “ I didn’t know” is the admission of guilt regarding any disaster especially in mines, oil drillings, agriculture, autos, food, pharmaceuticals, financial services, construction and military products. The people require that they do know and must know and if not, then find out and fix it.
Responsible executives are accountable. They are compensated for their decision- making and judgment, and for the resulting consequences that are injurious to employees, shareholders and to the public and are hereafter punishable.
2. Corporations must obtain Disaster Insurance in anticipation of their serious errors and catastrophes. They must set-up contingency funds and prevention research funds as well.
3. Commitment letters are required by this law hereby assuring the people that there is “no cap” on liabilities beyond their insurance limits. The companies are liable to the full extent of the disaster.
4. Annual training sessions on accountability will be conducted for senior managers. Their signatures are required.
An independent Board monitored by the Secretary of Commerce and the Attorney General determines failure in these areas.
Boards of Directors are the guardians of Character-Based Ethical conduct. The punishment for serious violations require that these Boards remove CEO’s and all direct reports to them and decline their long-term benefits and all financial packages.
Jail terms of 2-20 years, based on severity are mandatory.
Rewards are continuous business success. Other rewards for the companies and government regulators as well are personal assurance that the lives and livelihood of the people are fully protected and knowing that the company and the government have earned the people’s trust and confidence.