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Board of Directors
Over-Criminalization and its Effects on Corporate America, Part II
When a company is guilty of willful negligence or gross misconduct, it deserves to be punished to the full extent of the law. Indeed, the ability of regulators and law enforcement officials to pursue criminal charges undergirds U.S. corporate law.
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Over-Criminalization and its Effects on Corporate America, Part I
There’s no shortage of corporations in recent years that have committed abhorrent crimes and deserve whatever punishment they’ve gotten. If a company maliciously defrauds investors and clients (look no further than Bernard L. Madoff Investment Securities LLC), or deliberately lies about the dangers of its products (raise your hand, Takata and Volkswagen Group!), then crocodile tears need not be shed about the censure it receives.
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