Brit here. IANAL, but there is a legal principle of "vicarious liability". So if an employee does something bad, it's the employer that foots the bill. This is vicarious liability. It is actually a "good" thing as a legal principle because it's the the employer who has all the dough and is most able to compensate for a wrong.

The downside to all this is that the bad actors get away with it. They have less skin in the game.

My view is that more people need to go to jail. Corporations would behave less like sociopathic institutions if this were done.