This essay will commence with an examination of what corporate crime is and how it affects our society. It will then examine the conditions within our society that allow corporate crime to exist and the way in which the corporate world is able to exercise influence to maintain a lack of regulatory control that has led to serious community detriment including death, serious injury and massive shareholder losses following the collapse of giant transnational corporations both in Australia and overseas.
This essay will examine the difference between crimes committed by individuals in pursuit of corporate profit and crimes committed by individuals for individuals. The whole approach to this issue will be shown to be imbalanced by the forms of regulation imposed and sentencing of offenders.
It will conclude by looking at the ways in which legislation and regulation could be improved with a view of making corporations more accountable by strengthening principles of individual accountability through conventional and creative strategies.
What is corporate crime?
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This essay identifes what white collar (or corporate) crime is, how it is allowed to exist, its effects and how better the problem could be dealt with, including legislative reform.
