I actually find it ridiculous that engineers can be held personally liable for work performed for a company. It's not a model I would support moving towards, at all.
In civil engineering and other, individual engineers can face consequences for disasters like collapses.
And other disciplines; a surgeon can face consequences for a surgery that was done by a team, and so on.
The first person to get jail time during the 'DieselGate' scandal was James Liang, surprise surprise an Enginnering Head at VW. An army of Execs and C-levels were in the know but the first guy to go is a low-rank Engineer.
My point is execs and C-levels always claim that their pay is justified by the risk and liability of their decisions but when the wheels hit the tarmac things change very quickly.
Improve regulation, fund regulators, incentivize companies to fund quality processes.