Make culprits pay
Fines for corporate wrongdoing don’t work. Punishing individual actions will
The response to corporate misbehaviour by car manufacturers, financial institutions, or developers has been to issue large fines. Accountability is given a financial value which means little to corporate entities which see it as simply a cost of doing business. As a consequence, the behaviour repeats itself over and over again. This is exactly what has happened in relation to the recent scandals involving Volkswagen, Irish banks and Longboat Quay.
