No, a corporate death penalty is not sufficiently preventative. The people making these decisions are sociopaths. In order to provide a proper safe guard against future bad behavior target the behavior by attacking the person.
More specifically hold the executives, as well as their primary staff, personally liable for the decisions they make. Criminal liability can be a factor, but what really hurts the sociopaths is civil restitution. Take money from their personal coffers to be redistributed to persons harmed while simultaneously destroying their reputations in the public.
Do not punish the company, as this only punishes the remaining employees. Furthermore, nobody else is as typically well suited for applying corrective actions as the companies inflicting the original harms. If application of corrective actions financially destroys a given company then let that be your corporate death penalty.
More specifically hold the executives, as well as their primary staff, personally liable for the decisions they make. Criminal liability can be a factor, but what really hurts the sociopaths is civil restitution. Take money from their personal coffers to be redistributed to persons harmed while simultaneously destroying their reputations in the public.
Do not punish the company, as this only punishes the remaining employees. Furthermore, nobody else is as typically well suited for applying corrective actions as the companies inflicting the original harms. If application of corrective actions financially destroys a given company then let that be your corporate death penalty.