B653 is taught by B. Broughman, G. Fletcher, W. Henderson, W. Hicks, D. Nagy
This course provides a survey of the legal rules and concepts governing the modern corporation in the United States. A principal focus is on the large, publicly traded corporation that dominates much of the U.S. business environment # in particular, its control and the potentially conflicting interests that the form must mediate. The key theme for our purposes is to understand how corporate law regulates the relationships among the many different constituencies of the firm, including shareholders, directors, managers, creditors, employees, customers, and suppliers. Topics to be covered include business formation, limited liability, fiduciary obligations, shareholder voting, derivative suits, corporate control transactions, and the purpose of the firm. At core, this is a survey course, so many of the topics we will discuss have specialized courses offering a more detailed treatment. There are no prerequisites for this course, and the presentation is designed to be accessible to students lacking a business background.