Government allegation and prosecution of white collar crime is a major risk for corporations and management. Complying with all laws and regulations has never been more important. For this discussion post, you will read and think about the trend toward strict liability for corporate wrongdoing.
Read these two paragraphs: (1) Criminal Liability explaining the two parts of a crime: the act or omission (actus reus) and the subjective state of mind (mens rea); (2) Individual Liability for Business Crimes explaining strict liability and the Park Doctrine. What are your thoughts about strict liability for corporate crimes? What does this mean for you as a corporate manager, officer, or director?