7.4 Legal Obligations of Corporate Officers in Securities Matters

The officers' personal map (the exam's list): the disclosure liability (the false prospectus's-and- accounts' signatory exposure — Unit 4.5), the insider-regime compliance (the window-trading discipline; the disclosure of the own-dealings), the fraud-and-manipulation's personal bars (the Unit 6 prohibitions bind the officers), the audit-committee duties (the listed companies' committee faces — the financial-reporting oversight's body), the fiduciary core (the duty-of-care- and-loyalty of Company Law — the securities obligations as its market-face), and the disqualification's exposure (the office-bar faces of the securities-and-companies regimes). TheNepali practice's note: the officers' personal enforcement remains rare — the company's-and-the- regulator's penalties dominate; the personal-accountability frontier (the Unity Line promoters' criminal-and-restitution era as the exception that proves the trend).