Company vs personal liability

The conviction of Zanu PF central committee member Mike Chimombe and Moses Mpofu in the fraud case involving a US$87 million Presidential goat pass-on scheme raises questions that any corporate executive and student of law would be well advised to study and pay attention to.

The question is: are directors personally legally liable for acts of omission or commission by the corporates that they lead, whether those actions are criminal or civil? Does the cover of separate legal persona exonerate directors and employees from criminal liability?

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