See id.Fisse and Braithwaite discuss the problem of individuals being shielded from responsibility when the corporation takes the rap.Id. at 14. 20.See id. at 131-57.21.This article does not address what type of sanction provides the greatest deterrence for corporate actors.There are a wide variety of financial and non-financial sanctions that can be imposed on a corporation, including monetary fines, equity fines, direct restitution to victims, corporate dissolution, adverse publicity, community service, and punitive injunctions.See WEuS, supra note 17, at 33-39.Wells notes that preventive and non-financial sanctions may have a greater deterrent effect than financial sanctions.Fisse and Braithwaite note that sanctions are appropriate, but only if the private justice system is not able to come up with its own plan for remedial action.See FissE
No takes yet. Share an insight, caveat, or question.
Anita Ramasastry (2002) studied this question.