Re: This is a tough one
The prosecution would need to prove they intentionally compromised their product and knowingly had a disregard for safety with criminal intent
Not quite.
A few hats ago I worked for a UK company that was US owned. As our finances fed into their reports, that meant we were caught up with Sarbanes-Oxley which was brought in after the likes of Enron and WorldCom were caught well and truly cooking the books. The essence is that board level people had to sign off on accounts, and actually sign to state "these are accurate". Then, should it turn out that the accounts weren't accurate, whoever signed to say they were would be in the smelly stuff - possible jail time.
That doesn't mean that they have to look at all the figures, all the way down to us. But what it does mean is that they need to have policies and procedures in place such that they can be confident that what they are signing is actually correct - so proper controls, with oversight by way of things like proper audits, all the way down.
There's no reason not to have a system like that for product safety. The CEO doesn't have to physically go down on the production line and check that every bolt is correctly fitted. But before he signs off on the safety reports, he does need to have confidence that a) there are processes in place to ensure that the bolt is fitted, and b) that there are processes in place so that if anyone tried to fudge the system, then it will be spotted. From what's being reported, it would seem that Boing were lacking in both a and b, and that senior management both knew about it and condoned it (or even encouraged it).
Once you have a situation where someone senior must sign off on something, and if it goes pear shaped then they can find themselves in jail, then they have a serious incentive to make sure that whatever they are signing off is actually true - unless they can employ a PLEASE person, which I don't think would work in reality.