I do not doubt that she did not intend to break the law. But it sounds like she did not exercise sufficient due diligence, just assuming it was okay because PWC said so and no-one in law enforcement had noticed, yet.
> Therefore, implement conservative governance practices and stick to them." Unfortunately, the actual event he's citing isn't an ideal instance to illustrate...
I think it's a great illustration - the author's company was unaffected, because their governance practices successfully prevented them from engaging in illegal behaviour! Thats great for the company, its investors, its board, etc.
> IMHO, it kept going and got excessive, ultimately going too far in some cases fueled by 'tough on corporations' political grandstanding.
Can you cite some specific laws that you think are too easy to run afoul of by accident? Some laws specifically cite intent as a requirement for them to have been violated, but many do not, and that's never seen as a problem for laws that affect non-white-collar defendants.