Better Quote by Adam Cohen
“If a company knows it may have to pay a large amount of money if it poses an unreasonable threat to others, it will have a strong incentive to act better.”
About This Quote
The statement explains that financial liability for causing harm motivates companies to act responsibly.
In simple terms: Liability drives better behavior.
Key Takeaway
Implement strong risk assessments.
Themes
ethics
business
law
Mood
analytical
pragmatic
Type
policy
economic
When to use this quote
- policy drafting
- compliance training
- investment decisions
Key Concepts
corporate responsibility
risk management
incentive structures
Questions to Reflect On
- How can we ensure penalties are sufficient?
- What role does public pressure play?
A Different Perspective
May not deter all harmful actions if penalties are low.
