Just ask yourself whether this would be a good general policy: corporations get to escape contracts if their exec promises something and then leaves, or they just 'conveniently' forgets to inform other execs. In that world, how can any two corporations agree on anything?
Note that if an exec really does enter in a huge future liability and fails to inform the corporation, the usual way it should be resolved is the corporation is still liable, and then the corporation sues the former exec for failure to execute duties properly, with the sudden unanticipated liabilities going towards proving damages.