Pearse Doherty (Donegal, Sinn Fein)
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Moving on to accountability under the liability of corporate management agents, Mr. O'Malley said a managerial agent shall be liable and be prosecuted on the same basis as if he or she were guilty of corporate offence. If one is guilty of a corporate offence, this generally results in administrative sanctions. Is the commission suggesting criminal sanctions, which is not necessarily the same as a corporate offence because one cannot send a bank to jail? Is there a difference, or is there a limitation, as to how similarly they can be prosecuted?