corporate liability
[ˈkɔːrpərət laɪˈæbɪləti]
nounfemininepl: corporate liabilities / responsabilidades corporativas
responsabilidade corporativa
1. Legal responsibility of a corporation for its actions, debts, and obligations; the extent to which a company can be held accountable for damages, violations, or breaches of law
The company faces significant corporate liability for the environmental damage caused by its manufacturing facility.
A empresa enfrenta responsabilidade corporativa significativa pelos danos ambientais causados por sua instalação de manufatura.
2. In law, the doctrine that allows a corporation to be held responsible for criminal or civil wrongs committed by its employees or agents in the course of business
Corporate liability was established when the court found the company negligent in its safety protocols.
A responsabilidade corporativa foi estabelecida quando o tribunal constatou que a empresa foi negligente em seus protocolos de segurança.
3. Financial obligation or debt owed by a corporation to creditors, employees, or other parties
The audit revealed several undisclosed corporate liabilities that affected the company's balance sheet.
A auditoria revelou várias responsabilidades corporativas não divulgadas que afetaram o balanço da empresa.
Corporate liability is a critical concept in both American and Brazilian business law. In the USA, it's central to regulatory compliance, product liability, and employment law. In Brazil, corporate liability has gained prominence with increasing regulatory oversight, environmental regulations (particularly post-2010 Mining Law), and corporate governance standards following the Sarbanes-Oxley era influence. Brazilian companies increasingly purchase corporate liability insurance (seguro de responsabilidade civil) to protect against financial exposure. The concept reflects broader global trends toward corporate accountability and ESG (Environmental, Social, and Governance) responsibility.
Related Idioms & Phrases
hold a corporation liable
corporate liability coverage
limit corporate liability
corporate liability lawsuit
shield from corporate liability
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