Corporate Governance

Course Code
WMBA 631
1.5 hours
  • Winter 23
No credit in BL 517

Corporate Governance --- Every business activity is affected by the issues of corporate governance and social responsibility. This course will examine how modern corporations are governed and to whom they should be responsible. It will discuss the role of the board of directors and the reaggregation of shareholder power due to concentrated institutional holdings. The course will discuss the effects of legislation on corporate governance, including the adoption of laws that permit, and in one state require, the board of directors to take into account the impact an action will have not only on the shareholders but also on the other corporate stakeholders like employees, customers, suppliers, and communities where the corporation does business. Consideration is also given to international comparisons of corporate governance structures and legal issues arising in contests for corporate control. The material in this course is taken directly from actual corporate conflicts. The struggles over control of the modern corporation evolve and present themselves in a myriad of forms. The issues underlying these struggles are still being resolved. This course seeks to alert future business actors to the powerful impact these issues will have on their ability to manage effectively. Further, students will be encouraged to develop and refine their views on how these issues should be resolved.

Taught By
David Hess
  • Professor
David Hess is a Professor of Business Law and Business Ethics at the Ross School of Business at the University of Michigan. He has a PhD in...