CORPORATE CRIME. - Essay Example

Only on StudentShare

Extract of sample

The problem of corporate crime has often been seen as a concrete manifestation of a capitalist society that both implicitly and explicitly validates the survival-of-the-fittest theme. In the context of companies striving to keep ahead of the pack, so to speak, this would normally mean resort to any and all means to slaughter the competition and enjoy unbridled profits. Many scholars believe that regulatory mechanisms have, to a large extent, been inadequate in controlling corporate crime.
There are, of course, many different types of corporate crime. There is what is known as "corporate manslaughter", as when it involves a corporation causing a fatal disaster resulting in massive loss of lives. A good example of this would be the Union Carbide case of 1984. A more common type of corporate crime is one involving embezzlement by the directors of the corporation, resulting in prejudice to the minority shareholders and the public at large. In cases involving tax evasion, there is prejudice to the government as well. There is no dearth of examples of abuse of fiduciary duty by company directors.
The idea of corporate governance is rooted in the idea of agency. ...
Download paper


The professional journal I chose is "Deterring Corporate Crime" by Sally Simpson and Christopher Koper, August 1992, Criminology 30 (3) , 347-376. This is in line with his course in Business Administration. Using event history analysis, the authors examine the recidivism patterns of a sample of 38 corporations charged with one or more serious antitrust violations between 1928 and 1981 to see whether sanction experience decreases the likelihood of a firm's reoffending…
Author : cwiza

Related Essays

Corporate Corruption: Causes and Reactions
Executives are charged with criminal offenses, politicians rush to propose new legislation, and the country tends to forget the root causes of corruption, and the public policies that make such corruption possible, until new cases inevitably emerge. …
7 pages (1757 words) Essay
Corporate Governance Lab Report
Capital flow seems directed towards the companies, which practice fair and transparent ways of governing their organisations. With the changing global business scenario the need of understanding and effective practise of fair and technologically advance corporate governance has also increased.…
13 pages (3263 words) Lab Report
Crime in Context (SC2032C)
What is interesting about this form of crime is that, due to its sheer effects and implications on many other fields of studies, it is no longer viewed just as a part of criminology, or not even just as sociology, but is also involved in other fields like economic, anthropology, law political science and history (Klaus von Lampe 2006). Suffice it to say that it has become a discipline itself, and is studied as a separate and special field of study, having its own literature and figures for study and analysis. Academic sources are drawn from all sorts of fields, and likewise, it has influenced…
8 pages (2008 words) Essay
Transnational Corporate Crime
The increasingly globalized nature of crime has made its impact more far reaching than it is conceived in ordinary course of life. The overall nature and sophistication with which white collar crimes are specially committed are considered as simply as amazing by any standards.(Carrabine, Ignaski & Lee, 2004). The corporate scandals that have come out in recent years are showing the level of sophistication and have further complicated the issue. It is also argued that the transnational organizations often tend to involve in activities which often can be classified as illegal in their home…
12 pages (3012 words) Essay
corporate crime
Corporate crime does not only include in its definition the crimes of tax evasion and the embezzlement of funds. It is a vast concept encompassing crimes ranging from threats posed to human health and safety to threats posed to the environment by the activities of the corporation. A corporation is liable if it does not take reasonable measures to prevent pollution of any kind (Tombs, 2008, p. 20). Corporate crime has been defined to mean two things; the illegal conduct of people of high social status who use their power as a means of breaking the law (Sutherland 1949) or the illegal conduct of…
8 pages (2008 words) Essay
crime control strategies
In the current justice system, leverage can prevent an individual from going to prison. The penalty system is one of the major flaws with the current justice system. Criminals’ abilities to meet their penalties instead of serving time in prison places people with the capacity to pay at a much added advantage as compared to the poor individuals in the society (Hartley 2008). As such, rich people can just pay for their crimes, with the money that they already have in excess instead of doing hard time.…
1 pages (251 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!