You can’t really put a corporation in jail, but you could cut it off from the world in the same way that a person in jail is cut off. Suspend the business for the duration of the sentence. Steal a few thousand bucks? Get shut down for six months, or whatever that sentence would be.
I have imagined a sci-fi skit where James works at CorpCo, a company that was caught doing something illegal and sentences to prison. As punishment James goes to work by reporting in at a prison at 8 am. He sits in his cell until his 'work day' is over and it's released at 5 pm to go home. It's boring, but hey, it pays well.
I've just finished recording a Cybershow episode with two experts in compliance (ISO42001 coming on the AI regulatory side - to be broadcast in January).
The conversation turned to what carrots can be used instead of sticks? Problem being that large corps simply incorporate huge fines as the cost of doing business (that probably is relevant to this thread)
So to legally innovate, instead, give assistance (legal aid, expert advisor) to smaller firms struggling with compliance. After all governments want companies to comply. It's not a punitive game.
Big companies pay their own way.
