YOU CAN'T AFFORD A CONSCIENCE IN BUSINESS: THE NATURE, OPERATION AND CONSEQUENCES OF CORPORATE CRIME

In his examination of the links between power and crime, Steven Box defined corporate crime as crime committed for the corporate organisation and not against it. Thus, employee theft, including fraud and embezzlement against an employer, would not be categorised as such. Braithwaite adopts a similar definition to Box, suggesting that corporate crime refers to ‘the conduct of a corporation or individuals acting on behalf of the corporation that is proscribed by law’. Corporate crime, then, involves illegal acts of an individual or group within a legitimate formal organisation which are in accordance with the goals of that organisation.