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Essay / Research Paper Abstract
A 9 page paper answering 10 discussion questions about corporate responsibility and conviction for white collar crime, as well as technocrime and which type is worse for the community. Other questions address law enforcement agencies and four crime theories. Bibliography lists 8 sources.
Page Count:
9 pages (~225 words per page)
File: CC6_KScrimBusQ.rtf
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Unformatted sample text from the term paper:
of organizational criminality It has long been accepted that the only valid purpose for the existence of business is to return value to
stakeholders (Eiteman, Stonehill and Moffett, 2001). In the past, the term "stakeholders" translated only into "shareholders," as in Milton Friedmans definition of the purpose of the firm. Expansion
of the stakeholder concept to include employees, the community in which the organization operates and society at large is a relatively new concept.
Thus the notion of organizational criminality also has changed. When only shareholders interests are central, businesses are under intense pressure to post consecutive quarterly gains or risk being punished
in the form of losing investors capital and therefore access to larger sums of businesses least costly form of capital. Enrons purpose in establishing the special purpose entities (SPEs)
that led to its collapse was to protect shareholder value and its own market capitalization (Wiggins, 2002). In the beginning, Enrons actions were legal, ethical and appropriate. Greed
soon overtook common sense and any former commitment to ethical reporting, leading to the companys downfall and decimation of shareholders value. Union Carbides efforts to operate at lower costs
by dispensing with safety measures required in the US led to the loss of life of hundreds in Bhopal, India and the demise of the company.
The still-emerging concept of corporate social responsibility (CSR) is that the organization has a responsibility to the outside world that supersedes its responsibility to shareholders. It
has a responsibility to behave ethically, legally and with a long-term view that extends past publication of the next annual report or quarterly conference call. This means that it
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