Why criminal sanctions still matter in corporate governance
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Date
2009
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
International Company and Commercial Law Review
Abstract
The general concern about the adequacy of self-regulation as a mode of policing corporations has once again come to the forefront of the corporate governance debate following the current economic crisis. Irresponsible lending to individuals who cannot afford to repay loans has resulted in the near collapse and nationalisation of banks such as Northern Rock and Bradford & Bingley in the United Kingdom and Fannie Mae and Freddie Mac in the United States.1 Once again, the Government has had to intervene to prevent an economic crisis, by nationalising failing financial institutions to avoid
them falling into liquidation.
Description
Keywords
Company law, Civil law, Corporate governance, Criminal law
Citation
Musikali, Lois M. Why criminal sanctions still matter in corporate governance. International Company and Commercial Law Review, 2009