Section Description Provided by Instructor
This course is an introduction to the law of business entities, with a focus on the role of the corporation in the American economy. The initial areas covered will include the basic agency principles that support all forms of business organizations, and issues involved in deciding which legal structure best suits a particular type and size of business enterprise.
Much of the course material is devoted to the issues of management and control of corporations, focusing on the rights and responsibilities of shareholders and directors to each other and to the corporation as a separate legal entity.
Legal issues of corporate governance are matters of state law; but federal law, in particular the federal securities regulations, play a significant role in the operation of large corporations. The course will examine state business codes, with an emphasis on Delaware corporate law which is the site of incorporation for most major American corporations. We will also study the federal securities laws as they relate to shareholder voting and disclosure of information to the public.
MTW 9:10 –10:30 a.m.
Method of Evaluation
J.D. Writing Credit