1,247
28
Research Paper, 4 pages (850 words)

Free research paper about white collar crimes

Advertising We'll write a high-quality original custom paper on Free research paper about white collar crimes just for you with a 15% discount for the 1st order Use a Discount Use a Discount

Criminal Law

WHITE COLLAR CRIMES
The topic corporate or white collar crimes due to prevalent scandals in the global corporate scene that occurred during the recent years witnessed by U. S. and European companies and their counterparts in the other parts of the world such as “ corporate frauds,” “ corporate breakdown,” “ accounting scandals,” “ corporate scandals” as the major controversies surrounding the corporate world (Ball, 2009).
Buell (2014, p. 827) has defined a white collar crime as “ one that is committed by a person of respectability and high social status in the course of his occupation.” Corporate crimes are caused by various factors and reasons. More importantly, it leaves a redounding impact on the American society as well as the U. S. economy and polity in both local and global contexts. It is interesting to note the significant impact of corporate crimes but these crimes can be considered as privileged since they are not properly prosecuted. Buell (2014, p. 825) stated that white collar crimes are harmful wrongs that have been committed using powers of big private institutions and involve public concern. The government has the duty that these private institutions are punished for the fraud and wrong doings that they have committed. Hence, law and legal institutions must be able to seriously take action to prevent future wrongdoing of the business firms. Failure of the state to protect the public from these manipulative companies will produce or harden inequities in the administration of justice (Buell, 2014, p. 825).
Thus, it is imperative that the U. S. laws and legal institutions must be firm in imposing penalties against these private institutions and cannot shield the white collar offender without lawful justification (Buell, 2014).
As part of the recommended changes, it is proposed that focus should me made on the role of corporate ethics and proper corporate governance or corporate social responsibility in the success or failure of a company, especially of the large, multinational corporations. Corporate ethics depends on general principles of integrity and fairness and focuses on internal stakeholder issues such as product quality, customer satisfaction, employee wages and benefits, and local community and environmental responsibilities. It encompasses the issues that a company can actually influence (Entine, 1996). In this regard, the paper also proposes sound corporate governance of various companies. Corporate governance is an internal system encompassing policies, processes and people, which serve the needs of shareholders and other stakeholders, by directing and controlling management activities with good business savvy, objectivity, accountability and integrity (Crawford, 2007). The essential theme of corporate governance is to ensure the some individuals in an organization shall be held accountable through mechanisms that try to reduce or eliminate the problem or issue involving the principal-agent (Crawford, 2007).
In the global business world, corporations had grown as large as nations. However, they continue to be unsuspected despite the criminal activities they have committed to defraud the public. In most instances, corporate crimes were only discovered after these private institutions have declared bankruptcy or the escape of its top officials. One of the ways to improve the administration of justice is the policing in the white collar. Government agencies are armed with the investigative staffs, subpoena power, inspection rights, the right to access to prosecutors who will initiate criminal cases, and elaborate civil-enforcement mechanisms to imposed fines (Buell, 2014, p. 868). Aside from this, advances in information technology will be able to assist the effects of mandatory reporting regimes and monitoring programs of white collar crimes.

References:

Arbogast, S. (2008). “ Resisting Corporate Corruption: Lessons in Practical Ethics from the Enron Wreckage.” Salem, MA: M&M Scrivener Press.
Ball, R. (May, 2009). “ Accounting scandals, ethical dilemmas and educational challenges.” Journal of Accounting Research. Chicago: USA. Vol. 47, Iss. 2;  p. 277.
Bryce, R. (2002). Pipe Dreams: Greed, Ego and the Death of Enron.” New York: Public Affairs.
Buell, S. W. (2014). Is the White Collar Offender Privileged?. Duke Law Journal, 63(4), 823-889.
Crawford, C. J. (2007). The Reform of Corporate Governance: Major Trends in the U. S. Corporate Boardroom, 1977-1997. Doctoral dissertation. Capella University.
Entine, J. (September/October 1996). “ Corporate Ethics and Responsibility.” Commentary on Corporate Governance. Berrett-Koehler Publishers. Retrieved on January 12, 2014 from, http://www. corpgov. net/forums/commentary/entine1. html.
Marks, J. T. (2012). A Matter of Ethics: Understanding the Mind of a White-Collar riminal. Financial Executive, 28(9), 31-34.
Hamilton, S. & Micklethwait, A. (2006). Greed and Corporate Failure: The Lessons from Recent Disasters. New York: Palgrave Macmillan.
Hoffman, M. (April 30, 2003). “ In Search of Ethical Leadership. Keynote Address at the Samaritan Counseling Center‘ s. New Mexico. Center for Business Ethics.
Lindborg, H. (February 2008). Corporations Tout Social Responsibility. Quality Progress. Milwaukee: USA. Vol. 41, Iss. 2; p. 54.
Low, M., Davey, H., &Hooper, K. (February 2008). Critical Perspectives on Accounting. London: UK. Vol. 19, Iss. 2; p. 222.
Iwata, E. (2006). “ Enron’s Legacy: Scandal Marked Turning Point.” USA Today Website. Garnette Company, Inc. Retrieved on January 12, 2014 from, http://www. usatoday. com/money/industries/energy/2006-01-29-enron-legacy-usat_x. htm.
Patsuris, P. “ The Corporate Scandal Sheet.” (August 26, 2002). Forbes. com Website. Retrieved on January 12, 2014 from, http://www. forbes. com/2002/07/25/accountingtracker. html.
Peterson, R. & Ferrell, O. C. (2004). Business Ethics: New Challenges for Business Schools and Corporate Leaders. New York: M. E. Sharpe, Inc.
The Forum on Ethical Leadership and Business Performance. (2008). Retrieved on January 12, 2014 from, http://72. 14. 235. 132/search? q= cache: lZ-t9AFYhr0J: www. conference-board. org/pdf_free/forums/564708. pdf+corporate+failures+AND+ethical+leadership&cd= 1&hl= tl&ct= clnk&gl= ph.
Wearing, R. (2005). Cases in Corporate Governance. CA: Sage Publications, Ltd.

Thanks for voting and helping us improve!
Free research paper about white collar crimes. Page 1
Free research paper about white collar crimes. Page 2
Free research paper about white collar crimes. Page 3
Free research paper about white collar crimes. Page 4
Free research paper about white collar crimes. Page 5

The paper "Free research paper about white collar crimes" was contributed to our database by a real student. You can use this work as a reference for your own writing or as a starting point for your research. You must properly cite any portion of this sample before using it.

If this work is your intellectual property and you no longer would like it to appear in our database, please request its deletion.

Ask for Removal

Create a Citation on Research Paper

References

PaperPrompt. (2021) 'Free research paper about white collar crimes'. 28 November.

Reference

PaperPrompt. (2021, November 28). Free research paper about white collar crimes. Retrieved from https://paperprompt.com/free-research-paper-about-white-collar-crimes/

References

PaperPrompt. 2021. "Free research paper about white collar crimes." November 28, 2021. https://paperprompt.com/free-research-paper-about-white-collar-crimes/.

1. PaperPrompt. "Free research paper about white collar crimes." November 28, 2021. https://paperprompt.com/free-research-paper-about-white-collar-crimes/.


Bibliography


PaperPrompt. "Free research paper about white collar crimes." November 28, 2021. https://paperprompt.com/free-research-paper-about-white-collar-crimes/.

Work Cited

"Free research paper about white collar crimes." PaperPrompt, 28 Nov. 2021, paperprompt.com/free-research-paper-about-white-collar-crimes/.

Get in Touch with Us

Do you have more ideas on how to improve Free research paper about white collar crimes? Please share them with us by writing at the [email protected]