Corporate Killing For Malaysia: A Preliminary Consideration
Hasani Mohd Ali
Abstract
Hasani Mohd Ali
Abstract
Corporate killing is recognised in UK and Australia. Corporate killing is an extension of the concept of corporate criminal liability. The applicability ofthe concept in Malaysia is however undeveloped. This is unfavourable as corporate criminal liability may serve as a monitoring mechanism for the corporate regulatory framework, in that, the corporations will need to take into account risks of prosecutions in their managements. Likewise, the public would also benefit through its deterrent effect. This paper highlights that eventhough the corporate criminal liability suffers from some conceptual problems, it deserves more appraisal in Malaysia and corporate killing is a logical consequential recognition.
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Corporate killing is recognised in UK and Australia. Corporate killing is an extension of the concept of corporate criminal liability. The applicability ofthe concept in Malaysia is however undeveloped. This is unfavourable as corporate criminal liability may serve as a monitoring mechanism for the corporate regulatory framework, in that, the corporations will need to take into account risks of prosecutions in their managements. Likewise, the public would also benefit through its deterrent effect. This paper highlights that eventhough the corporate criminal liability suffers from some conceptual problems, it deserves more appraisal in Malaysia and corporate killing is a logical consequential recognition.
Key concepts: Criminal liability, Business, Liability, Corporate security, Corporate liability, Stakeholder, Corporate governance, Law and economics