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Should Jenkins be financially responsible for fraud that occurred on his watch, even though he did...

Should Jenkins be financially responsible for fraud that occurred on his watch, even though he did not participate? Why or why not? What duties does an officer have to shareholders?
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My answer is No.This is because although he didn't participate the employees are personally.However he should be held personally responsible as he failed in preventing them which is under his watch either imprisonment or penalty if ordered by court.

The duties of an officer is to prepare financial statement, establish antifraud controls,reporting on fraud even he is suspicious,and provide reasonable assurance to the auditors and shareholders that financial statements are free from material misstatements.

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