Curriculum Guide · Courses
Comparative Corporate Governance
LL.M Course 828 (cross-listed) | 2 credit hours
The recent financial crisis and corporate scandals (Enron/ WorldCom) clearly show that poor corporate governance practices can have disastrous consequences not only for the companies and shareholders but also for the capital and financial market and the economy as a whole. Good corporate governance, in turn, can help clearly distinguish the line between ownership and control of the company, balance the powers of shareholders, board members, and other stakeholders, and ensure their accountability. As such, it leads to better productivity and attracts investment. Many countries around the world have already launched or are in the process of launching reforms leading to better corporate governance. This class begins with an introduction of the OECD principles of corporate governance and compares the laws and practices in the United States, the U.K., France, as well as developing countries in the OHADA region (West Africa). Examples from other countries will also be used to illustrate some principles. The class will mainly focus on listed companies. Topics covered will include rights and equitable treatment of shareholders, board practices, transparency and disclosure.
Prerequisites: Corporations (or similar course for foreign-trained lawyers).