SOC208H5 Study Guide - Midterm Guide: Malum Prohibitum, Horizon Oil Sands, Criminal Negligence
Document Summary
Corporation: a company/group authorized to act as a single entity recognized by law. Regulated company: 13th century, charter, monopoly trading for merchants, under the crown. Joint stock company: 17th company, monopoly, but eventually partnerships. Greater demand to pool resources, encourage business, generate capital. Limited liability: pool resources for economic and practical benefits, economically and socially productive ventures, few risks beyond investment, encourage investors, spread of contributions across ventures, unassailable right. Economic benefits come at a cost: benefit some over others, environmental costs, physical and emotional integrity of workers. Awareness and protest (eg. occupy wallstreet movement) Corporate crime: illegal act/omission, punishable under administrative, civil, or criminal law, which are the result of deliberate decision making/culpable negligence within a legitimate formal organization intended to benefit the corporation itself. Differences between corporate and wc crime: corporate crime benefits the entire corporation and not just individuals within the corporation like in white-collar crime, in white-collar crime, the organization can be considered a victim.
