I can give you a very quick example.
The way companies now are fined, but not the individuals, is meaningless. By contrast, after the Enron scandal, 20 to 25 years ago, the United States passed the SOX legislation. The complete name is the Sarbanes-Oxley Act of 2002. It said very simply that the person at the head of the organization is responsible for everything in the financial statement. If things go sideways, they personally face multi-million dollar fines and jail time. Companies around the world, including Canada, scrambled to make sure that they were SOX-compliant. We need the same thing.