Corporate Criminal Liability: Assessing the Efficacy and Implications for Corporate Governance

  • Vidushi Rastogi
  • Show Author Details
  • Vidushi Rastogi

    Student at NMIMS Kirit P Mehta School of Law, Mumbai, India

  • img Download Full Paper

Abstract

Purpose: The purpose of the research paper on the topic "Corporate Criminal Liability: Assessing the Efficacy and Implications for Corporate Governance" is to critically examine the concept of corporate criminal liability and its significance in the context of corporate governance.

Research Implications: The research on "Corporate Criminal Liability: Assessing the Efficacy and Implications for Corporate Governance" carries several important implications for various stakeholders, including policymakers, corporations, legal professionals, and researchers.

Findings: The research paper on "Corporate Criminal Liability: Assessing the Efficacy and Implications for Corporate Governance" reveals critical insights into the concept's effectiveness and its ramifications on corporate behavior and governance. The study underscores the significance of holding corporations accountable for criminal acts and the potential deterrent effect of criminal liability. However, the findings highlight challenges in attributing guilt to corporations, including the intangible nature of the "corporate mind" and limited liability protections. The paper emphasizes the impact of corporate criminal liability on corporate governance practices, with organizations incentivized to strengthen internal controls and risk management to prevent criminal conduct. Additionally, the research sheds light on the complex relationship between corporate social responsibility and criminal liability. The inclusion of real-life case studies provides practical illustrations of the implications and consequences of corporate criminal conduct.

Originality/Value: The paper concludes with valuable recommendations for enhancing corporate accountability, such as strengthening governance practices, implementing robust compliance programs, and promoting a culture of ethics and compliance. Overall, the research contributes to a better understanding of corporate criminal liability's role in shaping corporate behaviour and governance, offering insights that can inform policy, legal practice, and corporate decision-making.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 6, Issue 5, Page 589 - 600

DOI: https://doij.org/10.10000/IJLMH.115808

Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

Copyright

Copyright © IJLMH 2021