This course provides students with an introduction to corporate law and to the legal and non-legal governance mechanisms which encourage directors to act in their company's interests rather than their own.
The course sets corporate law and governance within its economic and business context, with particular regard to how corporate law and governance mechanisms facilitate or inhibit economic activity. The course adopts an explicitly comparative approach drawing on UK, US and continental European law.
The course will be divided into two parts, and each will include some of the topics shown below:
The Fundamentals of Corporate Law
Separate legal personality
The regulation of share issues and share capital.
Through the lens of corporate law the course also aims to provide students with an opportunity to explore the common law method and approaches to statutory interpretation.
Regulation of the appointment and removal of directors
The composition of the board
Enforcement of shareholders rights
The operation of the market for corporate control.
The question that the course will regularly pose is how do corporate law and governance mechanisms facilitate economic activity and how do they respond to the problems generated by the organizational form of the company. The course’s objective is to understand the different ways in which law can respond to these economic demands and problems.
The School of Law is one of the largest departments at the LSE, and has recently been ranked 7th in the 2014 QS World Law School Rankings. On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s law faculty. LL135 course lecturer, Professor David Kershaw teaches on a number of our undergraduate and graduate law modules, including Law of Business Associations, UK Corporate Law and Takeover Regulation in the UK and US.
D. Kershaw, Company Law in Context, OUP, (2012)
*A more detailed reading list will be supplied prior to the start of the programme
**Course content, faculty and dates may be subject to change without prior notice