Bosses could face jail

New senior management roles legislation http://www.bbc.co.uk/news/uk-37335744 has once more been brought to the attention of Chairmen and their Boards to the effect that both executive as well as non-executive directors may be held culpable for the corporate misdemeanors of themselves and their subordinates. It is particularly interesting to see what outsourcing or insurance arrangements will brought forth particular in the Financial Services industry to enable senior executives still to function with massive operational and compliance liabilities.