There is personal liability for board members and management boards (CEO etc.) in many (most?) jurisdictions, usually including for some things that they should have known but didn't know, typically if the "not knowing" part can be characterized as gross negligent.

Also, the personal liability for board members and managers is something that is exceedingly pursued by shareholders and creditors (for the financial liability) and prosecutors (for the criminal liability) compared to how it used to be.

I don't think it matters much, though.