Getting active and effective legal enforcers on the beat is one task, and giving them laws with serious teeth to work with is another.  Lowering the bar for what counts as criminal misconduct makes it more likely that cases will be considered worth pursuing, and thus reduces the level of regulatory vigor necessary to pursue enforcement.  I think it's a good idea, but alone I acknowledge it to be insufficient.

And, in truth, I think that encouraging regulatory activism and lowering the bar for regulatory bite via new laws and criminal sanctions would be a much more approachable task than the creation of a democratic corporate form.