Final answer:
Generally, shareholders, employees, and agents are not liable for the misconduct of other employees within a professional service corporation unless they were directly involved or negligent in their supervisory duties, or breached their professional conduct standards.
Step-by-step explanation:
Shareholders, employees, and agents are typically not held personally liable for the misconduct of other employees within a professional service corporation due to the corporate shield provided by the entity's structure. An exception to this rule is when they are directly involved with the misconduct or have acted negligently in their supervisory roles. Additionally, liability may be applied if it's shown that the higher standards of professional conduct required by their positions were breached. Generally, for liability to be extended to these individuals, there must be a direct connection between their actions and the misconduct in question. Shareholders, as owners, are protected by the corporate veil which separates personal assets from those of the corporation. Agents and employees are generally considered separate from the wrongdoing of their associates unless their involvement is direct and tangible.