In the Theory to Practice problem, the principals have made a series of errors that could result in the piercing of the corporate veil. Corporations of all sizes can make similar mistakes if they are not diligent. Suppose that you receive an e-mail from a senior manager who has just read a newspaper article about the liability of one company’s principals in a case in which the court decided to pierce the corporate veil. She asks you to draft a two-page memorandum that recommends a standard operating procedure and policy aimed at preserving your company’s corporate veil. Use the mistakes made by Pharma as one guide for avoiding potential liability.