White collar and corporate crimes Research Paper

White collar and corporate crimes - Research Paper Example According to Edwin Sutherland, a researcher who studied the particular subject for many years, the term corporate crime is used for reflecting the ‘criminal activity of persons high social status and in the context of their profession’ (Sutherland 1939, cited in Simpson, 2002, p.6). From another point of view, white-collar crime has been related strictly to business, being considered as the violation of rules that regulate business activities, and not of rules related to other sectors (Geis, 2006, p.176). The specific issue has been considered as of critical importance due to the following fact: the recent financial crisis, of 2008, has severely affected economic activities worldwide. The crisis has been caused mostly because of the lack of effective control on the corporate governance practices of firms in the financial services sector. However, it has been made clear that many firms that controlled a major part of the global market were unable to monitor the activities of their CEO’s. In other words, white collar and corporate crimes had a key role in the crisis of 2008. ... The findings of the empirical research developed in regard to this subject verify the critical role of white collar and corporate crimes in social and economic life. According to Allen (2010) the increase of corruption, as related to the recent recession, has led to the radical increase of fraud, with a particular emphasis on collar crime (Allen, 2010). In 2009 about ‘160 cases of serious fraud were reported’ (Allen, 2010). These cases reveal the relationship between fraud and business activity. However, it seems that corruption can be also related to geography, as revealed in a report of Corporate Crime Reporter (2007) where reference is made to Louisiana, as the region with the highest level of corruption in USA. At this point, reference should be made to the following problem: there is no mechanism monitoring and managing the collection of data related to white collar and corporate crime. As a result, the exact level of damages caused because of white collar and corpo rate crime cannot be estimated (Center for Corporate Policy 2004). The above problem is highlighted in a report of the USA Department of Justice, involving in the years 2001-2006 (Center for Corporate Policy 2004). It is clear that corporate and white-collar crime is a complex phenomenon; its review would help to identify all its aspects and retrieve the measures that would help towards its limitation. References Allen, K. (2009, December 31). Recession pushes white-collar crime to new highs. The Guardian. Retrieved 2012, March 10 from: http://www.guardian.co.uk/business/2009/dec/31/fraud-recession-kpmg-report Benson, M. & Simpson, S. (2009). White-collar crime:

Reflection of my profit and ethics coursework Essay

Reflection of my profit and ethics coursework - Essay Example As the a starting point, the module topic on learning styles gave me an understanding of my personal learning style and technique. Before undertaking the module, I was not aware that each person possessed different learning styles. However, the topic on learning styles helped me to identify my dominant style of learning. To this end, I identified linguistic, logical, interpersonal and intrapersonal learning styles as my core strengths. In effect, these learning styles proved essential in my profit and ethics coursework. Foremost, the profit, and ethics coursework was a controversial module that sought to establish the efficacy of business and corporate social responsibility co-existing in harmony. Bearing this in mind, I discovered that my understanding of the topic would require an inquisitive interpersonal learning style with my course mates. Particularly when discussing the proponent and opponents of ethical responsibility of business, the sentiments advanced by my colleagues were hepful in the to synthesis and formulation of a personal premise on the issue. Evidently, the profit and ethics assignment entailed a research on whether the goal of profit and ethics can co-exist in a business. This assignment was in reflection to the ongoing dispute between UK dairy farmers with the processors and large chain supermarkets over fair pricing. Consequently, I was able to tap in on the intrapersonal learning style through personal research on articles that presented both sides of the issue from the dairy farmers, milk processors and supermarkets perspectives. After a thorough and analytical understanding of the issue, I commenced to present my premise for the case for ethical responsibility through fair pricing by the milk processors and supermarkets. Consequently, I incorporated the logical learning style based on evidence and intellectual reasoning. Throughout the text, my logical reasoning was based on the precinct that ethical responsibility