LAWS 2301 Lecture Notes - Actus Reus, Corporate Crime, Due Diligence
19 Feb 2014
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Document Summary
2 things are going on: corporations as offenders, and individuals who commit crimes within the corporation. When a person feels that the law doesn"t help them anymore, they stop following the law. If the corporation goes bankrupt, they only need to pay back what they own. There is a division of ownership and control: the people who own the company aren"t always the ones making the decisions. The importance of regulating corporate conduct: we place non-criminal limits on them to keep higher control over them, a ceo doesn"t own corporations and their primary obligation is to the investors. They are in a position to do much more harm than various individuals. Corporation provides: a mean of investment, mean to accumulate capital, corporation allows many people to invest money in one place to engage in special projects which would be otherwise impossible for one individual. Corporation itself does not exist without substantial state (government) intervention (ex: stock exchange)
