Community | August 01, 2008 | 9 comments

Crackdown on Corporate Crime --a 12 step program- Ralph Nader

source: http://www.votenader.org/issues/market/corporate-crime/

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Nader Proposes Crackdown on Corporate Crime, Fraud and Abuse

The US needs to crackdown on corporate crime, fraud and abuse that have in the last four years looted and drained trillions of dollars from workers, investors, pension holders and consumers. Among the reforms needed are resources to prosecute and convict the corporate executive crooks and to democratize corporate governance so shareholders have real power; pay back ill-gotten gains; rein in executive pay; and enact corporate sunshine laws, among others.

Below are twelve initial steps for an effective crackdown on corporate crime, fraud and abuse. The Nader campaign will return to this issue and expand the discussion on the solution to corporate crime and abuse.

Twelve Steps to an Effective Crackdown on Corporate Crime

Increase Corporate Crime Prosecution Budgets:
Ban Corporate Criminals from Government Contracts:
Crack Down on Corporate Tax Avoidance:
Democratize Corporate Governance:
Expand Corporate Disclosure:
Rein in Excessive Executive Pay:
Fix the Pension System:
Restore the Rights of Defrauded Investors:
Regulate Derivatives Trading:
End Conflicts of Interest on Wall Street:
Track the Extent and Cost of Corporate Crime:
Foster a National Discussion on Corporate Power:

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