II. Accountable Executive

Q12. Does the accountable executive change when a company goes in receivership and a receiver is appointed with personnel and financial control of the company? Is the receiver the new accountable executive?  

For all practical purposes, the receiver, (if they elect to continue operations during the bankruptcy process) should be considered the accountable executive.

The receiver is now the only one meeting the SMS regulatory requirements of Part I, and more specifically, from a human resources and financial standpoint, the only one capable of effecting changes required to maintain or advance safety.

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