By Nick Robins

The English East India Company was the mother of the modern multinational. Its trading empire encircled the globe, importing Asian luxuries such as spices, textiles and teas. But the Company’s takeover of much of India was achieved by force and fraud; in China, the battering ram was opium. The East India Company’s corruption and violence shocked its contemporaries and still reverberates today. The Corporation That Changed the World is the first book to examine the Company’s enduring legacy as a corporation. It uncovers the factors that drove it to excess and eventual collapse. This expanded edition looks at recent activist and cultural responses to the Company in China and India, and the corporate reform agenda in light of the economic crisis. In his account of the Company's story Robins highlights enduring lessons on how to make global business accountable. This will be vital reading for students and academics in economics and history.

London: Pluto Press, 2012. 281p.

By Kathryn Westmore

It has long been difficult for prosecutors in the UK to hold corporates to account for criminal behaviour and, in particular, for economic crime-related misconduct. The ‘identification doctrine’ requires that only the acts of the person who represents the company’s ‘directing mind and will’ can be attributed to a company. At the same time, it is recognised that there are certain types of criminal behaviour that can only be carried out within a corporate structure, and which are carried out for the benefit of that corporate entity. Therefore, it is inherently problematic that it is difficult to bring corporate criminal prosecutions. The introduction of ‘failure to prevent’ offences are an attempt to overcome these difficulties. The basis of a failure to prevent offence is simple – to have any defence, an organisation needs to prove that it had ‘reasonable’ or ‘adequate’ procedures in place to prevent an individual associated with it from carrying out a criminal activity. The first failure to prevent offence was introduced in relation to bribery in 2010; two further failure to prevent offences followed in the Criminal Finances Act 2017 related to the facilitation of tax evasion....  

London:  Royal United Services Institute for Defence and Security Studies (RUSI), 2022. 19P.