Equity fines for corporate crime: why they should be back on the legislative agenda
- Legal Service Bulletin Co-operative Ltd
- Publication Type:
- Journal Article
- Alternative Law Journal�, 2019, 45 (1)
- Issue Date:
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Corporate crime causes significant social and environmental harm and its sentencing is frequently ineffective due to the ability of corporations to pass-on monetary fines to stakeholders such as workers and consumers. This article investigates the notion of equity fines or share dilution as an alternative corporate punishment that avoids the pitfalls of conventional monetary fines while acting as a significant deterrent to corporate offending. It does so by responding to the last official Australian critique of this punishment, in light of a recent attempt by the Scottish legislature to implement equity fines in that jurisdiction.
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