Learn how to conduct yourself in a manager role to reduce the possibility of being personally liable for misconduct.
- As a manager, you may be thinking,…if I'm working for a company, I'm protected from being…personally liable for anything, right?…While it's true that being an agent of a larger company…does afford you certain protections under the law,…don't get too cozy just yet.…You could be liable in many different ways…if you aren't careful.…Let's start by talking about what it means…to be personally liable in the first place.…If you're personally liable for your actions,…this could mean that you could be sued civilly,…encounter fines, infractions administered…by the state or federal government,…or even serve a prison sentence if you're held liable…in criminal court.…
It means you don't have the shields or protections…of your company anymore.…If you're held liable in civil court…and have settlements or a fine to pay,…your house, bank account, or other assets…may be attached by a judge in order to satisfy payment.…Now, I know you have no intention of this happening,…so let's go over which actions could increase that chance.…
- Identify which legal concept you will become most familiar with as a manager.
- Explain why it is important to ensure an injured employee receives medical attention.
- List the three steps you should take to mitigate risks when an employee violates the code of ethics.
- Define business ethics.
- Recall which concept the courts will not consider when piercing the corporate veil.