Curriculum Guide · Courses
Corporate Controls, Compliance, and Governance
Professor Kathleen Hamm
LL.M Course 862 (cross-listed) | 2 credit hours
To varying degrees, the current credit crisis as well as the corporate scandals of the past decade resulted from or were exacerbated by failures of governance, internal controls, and compliance. These failures included violations of financial reporting and disclosure requirements, and ineffective corporate governance and oversight. The failures also stemmed from undisclosed conflicts of interest, ineffective risk management, and circumventions of core corporate policies, procedures, and controls. Corporate entities as well as board members and senior executives have paid the price—financially and reputationally—for these breakdowns. As a result, regulators, investors, and other stakeholders are demanding that companies design and implement enhanced governance, control, and compliance programs and periodically reevaluate the effectiveness of such programs in response to changing legal and regulatory requirements and business operations and realities. This course will provide students with an overview of the current and evolving legal standards, regulatory requirements and expectations, and emerging best practices with the goal of educating future and current in-house lawyers, outside counsel, and attorneys at regulators on how to design, implement, and maintain effective corporate governance, internal control, and compliance programs.
Note for J.D. Students only: Completion of or concurrent enrollment in Corporations is strongly recommended.