Essay: Importance Of Corporate Prosecution Laws For Businesses.

David Cohen: The PM's Plan for Sink Estates is Welcome-But Must Go Further

Discuss about the case study for Business Corporate Prosecution Law.

In the research article, “David Cohen: The PM’s Plan for Sink Estates is Welcome-But Must Go Further” the author David Cohen talks about the development of sink estates in an effective and a more comprehensive manner. For case, a sink estate refers as a British council housing estate that is demonstrated by high levels of economic as well as social deprivation (Cohen, 2016). Along with this, the author also describe that the development and reconstruction of Britain’s sink estates is a great idea for the development of the nation.

On the other hand, David Cameron (the prime minister) played a significant role in order to develop the plan and model for the reconstruction of the sink estates in a proper way.  Apart from this, the PM also played a critical role in order to address the chronic poverty and gang violence of the estates in a clear way. Moreover, the government also provided support to implement these plans and also provided funds in order to execute the agendas in an appropriate and effective manner (Cohen, 2015). The PM stated that our model was to support community projects that are initiated by residents, and the Government of the nation came good with an assurance of £400,000.

Along with this, the PM Cameron affirmed that it is essential to take a major step for the reconstruction of the sink estates. The main reason behind it is that the decades of neglect has led to gangs & antisocial behavior as well as entrenched poverty within the areas. But, David Cameron describes that what must be first step to implement these agendas. First, we should focus to tackle poverty. Or, we should promote right-to- buy affordable housing to rebuild sink states in an effective way (Caroline, 2015). It is a subject of concern because of from a “tackling poverty” perspective this would be a degraded disappointment, however from a housing stock perspective it has its allure.

On the other hand, numerous housing estates sit cheek by cheek with avenues where properties offer for upwards of a million pounds. Moreover, by modifying skyscraper estates as low-ascent alluring housing,  and after that making them accessible to purchase or lease, we can discharge enough value to assemble substitution housing in less salubrious regions- consequently satisfying the guarantee to give occupants  ‘a home’ and keep up or even build the housing stock (Boffey, 2016). As a result; it seems that the goal is not compatible in an easy way.

Michele Dix: Crossrail 2 Must Get the Green Light Now for London's Economy

In addition to this, the other problem was that affordable housing was an ambiguous term for the people. According to Cameron the rebuilt housing should be both affordable to rent as well as to buy. It is because of more than half of council estate residents are unemployed or else low-waged. As a result, it will be unfeasible for the people to afford to buy the rebuilt houses (Cohen, 2016). Hence, David Cameron suggested that upgrading facilities would be an outstanding way to start for the reconstruction of the sink estates in an effective and a more comprehensive manner.

In the research article, “Michele Dix: Crossrail 2 Must Get the Green Light Now for London’s Economy,” the author Michele Dix talks about the development of the economy of the nation. The Prime Minister David Cameron is making effort for the development of the nation. The government of the nation wants to see the nation fully economic developed nation in 2016. The government is also making efforts in order to develop the transport system of the nation in an effective and a significant manner (Dix, 2016). The government has been developed some important projects to develop the transportation system in a proper way. For case, Crossrail 2 is a central project of the nation. This project would also be beneficial to connect northern cities and to develop infrastructure of the nation in a more comprehensive manner.

On the other hand, the author describes that the project Crossrail 2 requires a green light of the government as soon as possible. It is because of the previous project Crossrail 1 will have taken ten years to construct. The implementation of Crossrail 2 is essential in order to upgrade the Tube and national rail lines for the future of the nation. In addition to this, the major problem with this project Crossrail 2 is that it needs huge amount of money to invest. So, there is need of the quick action of the government of the nation. It is because of if the government will take more times to make decisions related to the investment then there are more chances of the failure of the project (CRERAR, 2016). As a result; the project Crossrail 2 needs green light for the economic development of London.

In addition to this, the author states that Crossrail 2 is also urgent in light of the fact that it's not just about building a railroad. Apart from this, Crossrail 2 will drive new house-constructing, a problem that needs to be addressed for London. It is intentionally steered through ranges with open doors for housing growth. Altogether, Crossrail 2 would also beneficial for the development of 200,000 new homes and would also support 200,000 new employments within the nation (Leam, 2016). In this way, the project Crossrail 2 would be helpful to produce approximately £102 billion for the economy of nation.  As a result, the project Crossrail 2 is obtaining strong support of the public of the nation.

Fraud Chief Calls for Tougher Corporate Prosecution Laws

 Along with this, the author describes that; Crossrail 2 will also be helpful for the economic, financial, and social development of the nation. The main reason behind it is that the project will improve the transport system of the nation. As a result; it will connect cities with each-other and also improve the trade within the nation. Consequently, it will be beneficial for the overall development of the nation (Mitchell, 2016). In this way, it can be said that, the government of the nation must provide green light to the project Crossrail 2 quickly.

In the research article, “Fraud Chief Calls for Tougher Corporate Prosecution Laws,” the author Martin Bentham talks about the corporate prosecution laws for the welfare of the businesses. The author describes that these laws are essential in order to protect business organizations and to punish businesses that are liable for the financial crime within the nation. On the other hand, the corporate prosecution laws would also be beneficial to prevent banks as well as other large corporations from any unlawful activity (Bentham, 2016). In this way, the corporate prosecution laws would be helpful to provide an environment of peace within the nation.

In addition to this, the author states that, the corporate prosecution laws should be changed. The main reason behind it is that American prosecutors have more power than the people of the nation.  Along with this, these laws are not followed by the business organizations in a proper manner. For case, on the off chance that somebody is acting criminally throughout their work and a portion of their thought process is to advantage the organization then anything they do makes the organization liable and that is very simple for the people (TheGuardian. 2016).

On the other hand, the author describes that there is a lack of action on order to implement corporate prosecution laws to stop criminal activities in an effective and a more comprehensive manner. This is the major reason that business organizations and banks such as: Deutsche Bank, Barclays and RBS have been fined by regulators for market manipulation and they did not   faced any corporate prosecution. Furthermore, the author states that this lack of action has been criticized by politicians, ex-director of public prosecutions, and others. In this way, in current, corporate prosecution laws have become a major subject of concern for the nation.

In addition to this, the author describes that corporate prosecution laws are only beneficial in order to protect the reputation as well as money-generating capacity of the nation. Imagine, there were a practice in the finance or banking industry that was understood and boundless and criminal, then the partnerships themselves, on the off chance that they knew of that practice and permitted it to proceed with (CPS. 2016). In this situation, why they should not be subject for it and also the people who lead the criminality? The new wrongdoing would make the bank itself, or the partnership, subject criminally.

 Moreover, the author states that, in current, the corporate prosecution laws have become illogical and not able to provide justice to the people. These laws are only improving money-generating capacity of the nation. They are unable to demonstrate transparency in corporate structures (Garrett, 2014). As a result, it can be said that, the corporate prosecution laws must be change. These laws must be followed by the people. There must be strict rules and regulations in order to implement the corporate prosecution laws within the nation in an effective and a more comprehensive manner.

References

Bentham, M., 2016. Fraud chief calls for tougher corporate prosecution laws. Available At: https://www.standard.co.uk/news/uk/fraud-chief-calls-for-tougher-corporate-prosecution-laws-a3150011.html

Boffey, D. 2016. David Cameron’s £140m to tear down sink estates turns out to be a loan. Available At: https://www.theguardian.com/society/2016/feb/27/david-cameron-sink-estates-fund-turns-out-to-be-loan

Caroline, D. 2015. David Cameron vows to ‘blitz’ poverty by demolishing UK's worst sink estates. Available At: https://www.theguardian.com/society/2016/jan/09/david-cameron-vows-to-blitz-poverty-by-demolishing-uks-worst-sink-estates

Cohen, D., 2015. The Estate We're In: David Cameron praises Standard project to improve neglected areas and backs it with £400,000. Available At: https://www.standard.co.uk/news/london/the-estate-were-in-david-cameron-praises-standard-project-to-improve-neglected-areas-and-backs-it-a3093736.html

Cohen, D., 2016. David Cohen: The PM’s plan for sink estates is welcome-but must go further. Available At: https://www.standard.co.uk/comment/comment/david-cohen-the-pm-s-plan-for-sink-estates-is-welcome-but-must-go-further-a3154286.html

CPS. 2016. Corporate Prosecutions. Available At: https://www.cps.gov.uk/legal/a_to_c/corporate_prosecutions/

CRERAR, P., 2016. Crossrail 2 route gets the green light. Available At: https://www.standard.co.uk/news/transport/crossrail-2-gets-the-green-light-a3200286.html

Dix, M., 2016. Michele Dix: Crossrail 2 Must Get The Green Light Now For London’s Economy. Available At: https://www.standard.co.uk/comment/comment/mich-le-dix-crossrail-2-must-get-the-green-light-now-for-london-s-economy-a3150656.html

Garrett, B.L. 2014. Too Big to Jail: How Prosecutors Compromise with Corporations. Harvard University Press.

Leam, D., 2016. A green light for Crossrail 2. Available At: https://londonfirst.co.uk/a-green-light-for-crossrail-2/

Mitchell, J., 2016. Independent body gives green light to Crossrail 2 and urges ministers to make construction a 'priority' in south west London. Available At: https://www.richmondandtwickenhamtimes.co.uk/news/14336247.Independent_body_gives_green_light_to_Crossrail_2_and_urges_ministers_to_make_construction_a__priority_/?ref=mr&lp=17

TheGuardian. 2016. Law to be toughened up to stop companies benefiting from fraud. Available At: https://www.theguardian.com/law/2013/sep/02/tougher-laws-stop-companies-benefiting-from-fraud