A corporate or executive Risk Portfolio would be the insurance or protections for Officers and Board Members.  Specifically, Directors and Officers Insurance.  However, as Target (major retailer) found out the hard way, this coverage has an exclusion.  No coverage will pay damages when an employee negligence causes harm.  

Executives and Board Members are both criminally and financially liable for harm caused by any worker violating corporate policies which once ensured the appropriate actions of the workforce. 

However, the reality is harsh.  Few employees know what a corporate policy is and even fewer understand the importance or how their decision making needs to follow the guidance written in these policies.