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I used to work for the DTI fraud investigation branch, and we had powers to go in - with 'good reason' (which was pretty broad and flexible) - to any Company and to 'demand explanations' of their accounting records and business. These powers still exist and are discreetly exercised quite frequently.

It was a pretty useful power actually, and quite often - if the company was a scam or bucket shop - the DTI would then apply to have the company wound up by the court "in the public interest".

This was (and is) a UK corporate death penalty of course, usually followed by some corporate pathology (ie fraud investigation).

Great fun. Nostalgia isn't what it used to be.....

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri May 21st, 2010 at 02:07:58 PM EST
My proposed solution for top executives following the sort of intervention you describe combined with a defined "due process" and ongoing supervision/surveillance might be a workable way forward. But first we have to re-educate most of the public.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri May 21st, 2010 at 03:52:38 PM EST
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