From time to time, important news gets overshadowed by other headlines, even though it could have a profound impact on our (online) world. To most of us, few things are more bothersome than the dreaded cookie banners. On countless websites, you’re confronted with a pesky pop-up urging you to agree to something. You end up consenting without really knowing what it is. If you try to figure out what’s going on, you quickly get lost among the often hundreds of “partners” who want access to your personal data. Even if you do give your consent, it’s questionable whether you truly understand what you’re agreeing to.
Got your point, unluckyly every law can be abused if not based on hard evidences (and even in this case it is not bulletproof). And of course it is not automatic so a due process is obviously necessary where you need to prove that Jim is in the wrong.
But we already have similar laws here and they seems to work pretty well.
For the mega corps the real threat is the fine, the mandatory jail time for the CEO (or the board members or whoever is in real control) is only a way to have the people who need to control to make their work. A company, big as you want, is not some abstract entity where things where done by some abstract figure. In the end there is always someone who approve everything and the CEO (or the board) is the ultimately responsible.
Just imagine how much control the shareholdes would make on Zuckemberg if they know they are one lost court case from losing half their money.
And no, rotating the CEO is useless, criminal charges are personal so if you as CEO make something illegal and then quit, your charges do not trasfer to the new CEO.
Then he will check what the company do. He want the big buck, it is right it also has the accountabilty.