BU231 Lecture Notes - Lecture 20: High Standard Manufacturing Company, Market Manipulation, Shoplifting
Document Summary
Groups affected by the business activities of a corporation: creditors, consumers, employees, competitors, investors, and the public at large: the obligations of a corporation are enforced using all three categories of legal liability. Classification of offences: mens rea offences. The prosecution must demonstrate the existence of some positive state of mind such as intent, knowledge, or recklessness. Guilty mind: offences of strict liability. Where it is not open to the accused to excuse himself by showing that he was free of fault. Simply doing the act makes one guilty of the offence. Statutory authority appointed to supervise the issue of securities to the general public, the operation of the securities industry and the stock exchange: securities legislation provincial. Works to prevent and punish fraudulent practices. Require full disclosure on ipos: enforced through. Protection of the public interest: corporate behavior is regulated through diverse legislation affecting a wide spectrum of stakeholders, liability through statute:
