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Corporate Crime: A Threat to Business

   

Added on  2019-10-01

5 Pages1510 Words301 Views
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Running head: Corporate crime
Corporate Crime: A Threat to Business_1

Running head: Corporate crimeCORPORATE CRIMEAugust, 5th 2019INTRODUCTION TO CORPORATE CRIMEIn the context of criminology, corporate crime is the type of crime which is eithercommitted by a corporation or by the individual who is acting on behalf of the company. Insimple words, it can be said that the crime which is committed for the purpose to provide benefitto the company is being called by the name of corporate crime. Herein it can be said that it isvery much important for the organization that it should always follow the rules and regulationsof good corporate governance. Thus, if any company deviate itself from the principle of goodcorporate governance then in this situation there are greater chances that the respective firm hasindulged itself into criminal activities. In the worst corporate crime-related case, the company will tend to face judicialdissolution. It is also called by the name of death of the corporate or the business entity. For thefirm, it is very much essential that it should not indulge itself in any type of corporate crime.This is because; such type of activity from the side of enterprise will tend to have a negativeimpact on the respective customers of the enterprise. Further, the given type of thing will stop thefirm’s customers with respect to use the goods and services of the corporation in an effectualmanner. In this study, a detailed description will be given about the concepts that are just similarto corporate crime. Further, the discussion will also be carried out in relation to the ways withthe help of which corporate crime can be mitigated from the firm. CORPORATE CRIME OVERLAPPINGThe term such as corporate crime is always overlapping with the three other types ofterminology. Hence, it is very much essential for the individual that it should get the idea aboutconcepts that are related to corporate crime. It is by complying with a given type of activityonly better understanding about the terms can be made in an effectual way. The detailexplanations about all of them are given below:1
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