||Terms Offered: W10(A)
| || Advisory Prerequisites: No JD students
||Corporate Governance - Every business activity is affected by the issues of corporate governance and social responsibility. This course will examine how modern corporations are governed and to whom they should be responsible. Students will learn to analyze issues concerning:
• The theory and purpose of the firm
• The role of law
• The role of the board of directors
• Fiduciary obligations owed to the corporation and its shareholders
• The role of shareholders and shareholder activism
• Corporate responsibility to other constituencies including employees, customers, suppliers, and communities, etc.
• Contests for corporate control
• Effects of fraud and corruption
• Prosecutorial discretion
• Legislative reform
• International comparisons of corporate governance structures
• Governance of not for profits
The material in this course is taken directly from actual corporate conflicts. The struggles over control of the modern corporation evolve and present themselves in a myriad of forms. The issues underlying these struggles are still being resolved. This course seeks to alert future business actors to the powerful impact these issues will have on their ability to manage effectively. Further, students will be encouraged to develop and refine their views on how these issues should be resolved.
This course fulfills the MBA law/ethics requirement.
Credit is given for LHC 506, or 517, or 516.
Students who have successfully completed LHC 516 or 517 may not receive credit for LHC 506