Criminal Liability of Managers in Europe

Punishing Excessive Risk

Nonfiction, Reference & Language, Law, International
Cover of the book Criminal Liability of Managers in Europe by Dr Stanislaw Tosza, Bloomsbury Publishing
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Author: Dr Stanislaw Tosza ISBN: 9781509914982
Publisher: Bloomsbury Publishing Publication: December 27, 2018
Imprint: Hart Publishing Language: English
Author: Dr Stanislaw Tosza
ISBN: 9781509914982
Publisher: Bloomsbury Publishing
Publication: December 27, 2018
Imprint: Hart Publishing
Language: English

Every managerial decision is risky, at least to some extent. Conducting business is impossible without venturing into new territories and even the most ordinary daily choices could turn out to be failures. Excessive risk, however, can be very detrimental as was starkly illustrated by the most recent financial crisis. By criminalising managers' excessive risk-taking criminal law enters a sphere which is at the core of the activity it affects. At the same time it provides for criminal punishment for courses of conduct that, without doubt, can be extremely harmful. The objective of this book is to examine existing criminalisation of excessive risk-taking as well as to analyse whether such criminalisation is desirable and if yes, under which conditions.

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Every managerial decision is risky, at least to some extent. Conducting business is impossible without venturing into new territories and even the most ordinary daily choices could turn out to be failures. Excessive risk, however, can be very detrimental as was starkly illustrated by the most recent financial crisis. By criminalising managers' excessive risk-taking criminal law enters a sphere which is at the core of the activity it affects. At the same time it provides for criminal punishment for courses of conduct that, without doubt, can be extremely harmful. The objective of this book is to examine existing criminalisation of excessive risk-taking as well as to analyse whether such criminalisation is desirable and if yes, under which conditions.

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