B8343-001: Corporate Governance: Failures, Successes, & the Impetus for and Impact of Change
TR - A Term, 02:15PM to 03:45PM
Instructor: Holly Gregory; Ira Millstein
Prerequisite(s): B6300Download Syllabus
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The governance of the public corporation is under a variety of pressures: new regulations enacted in reaction to the financial crisis; dramatic changes in corporate ownership from the classic Berle & Means model of dispersed ownership to concentrated holding in the hands of a range of financial intermediaries (with varied incentives, agendas and strategies to fuel both their own growth and gains for their beneficiaries); the related rise of shareholder activism and the growth of proxy advisors; and general changing expectations about the role of the board in relation to both shareholders and management. Together, these pressures present a challenge to those seeking to manage and direct the affairs of the corporation. This course aims to explore failures and successes in corporate governance and how those failures and successes are impacted by the changing dynamics described above.
This six week course will be taught by Ira M. Millstein, Lecturer-in-Law and Co-Chair, Millstein Center for Global Markets and Corporate Ownership Columbia Law School, and Holly J, Gregory, Partner in the corporate governance practice of Weil, Gotshal & Manges LLP, with a variety of guest lecturers, case study presentations and class discussion. Readings will be supplied in a course pack. A high level of class participation is expected.