Say, corporations are entities, maybe they ought to be “entities, under executive control of XYZ”.
That is, say you’re the CEO of company M from 2022 to 2017. During this time, the company is registered as a legal entity of which you are the supervising decisionmaker. After 2017 you leave, and a new CEO comes in. The company now gets a second registration as a legal entity (valid 2018++), with the new CEO.
So if later someone sues the company for something they did in 2016, you get called in to defend your decisions respectively can be held responsible for shit the company did under your leadership.
Definitely this.
Say, corporations are entities, maybe they ought to be “entities, under executive control of XYZ”.
That is, say you’re the CEO of company M from 2022 to 2017. During this time, the company is registered as a legal entity of which you are the supervising decisionmaker. After 2017 you leave, and a new CEO comes in. The company now gets a second registration as a legal entity (valid 2018++), with the new CEO.
So if later someone sues the company for something they did in 2016, you get called in to defend your decisions respectively can be held responsible for shit the company did under your leadership.
Woa. Didn’t know this