NCJ Number
121614
Editor(s)
P Wilson
Date Published
1987
Length
4 pages
Annotation
Corporate crime hurts both consumers, employees, members of the general public who bear the cost, and also the honest business men and women who suffer an economic disadvantage.
Abstract
Corporate crime is defined as offenses committed against members of the public, the environment, creditors, investors or corporate competitors by companies or their agents. Corporate crime may be deliberate or may arise from recklessness, negligence or inattention to detail. The numerous areas of corporate conduct which may be in breach of the law include companies and securities offenses, taxation, occupational health and safety, environmental offenses, consumer affairs, restrictive trade practices, food standards, prudential regulation, economic offenses against employees, and discriminatory practices. Business regulatory agencies do not have the manpower or governmental support necessary to pursue violators of the laws. The best control of corporate crime will come from a mix of punitive and persuasive measures. 1 reference.