After this course a student:
- understands and can analyse the role of corporate and business law and its strategies for correcting market failures;
- can identify and compare essential elements of different business forms in an international setting;
- can explain and analyse the role, structure, and competences of various corporate bodies;
- has developed a good understanding of the incentives, behaviour and decision-making powers of the providers of capital, also in the relationship with the organization and other (corporate) constituencies, and how the law plays a role;
- can identify business rationales of and apply legal regulation to major business transactions like mergers and acquisitions and take-overs.
This course introduces business organizations – focusing on corporations in particular –, their functions, origins and critical aspects. The course has a functional and comparative approach. During the lectures, students get acquainted with a spectrum of available business forms including corporations and partnerships, the fundamental characteristics of corporations and the corporation’s share capital.
Students will also learn the basics of corporate finance to get a better understanding of the underlying principles of corporate law, as well as the basics of corporate governance (internal and external) in a comparative perspective.
Moreover, the students will have the chance to dive deep in a broad variety of topics such as the agency problems between corporate management and shareholders (and between block holders and small shareholders), the corporate board structure and its role, (small) shareholder rights, M&A and takeovers and other seminar topics are addressed.
During the entire course, students are invited to think actively about corporate matters, combining different (multidisciplinary) theories and practical findings. The course complements theoretical knowledge and empirical research with up-to-date case studies.