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Management power and control mechanisms in corporate firm - Structure

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ALBERTO TOFFOLETTO , responsible for the course

Degree in SUSTAINABLE DEVELOPMENT (classe LM-81) Enrolled from 2015/2016 academic year - Laurea Magistrale - DEVELOPMENT ECONOMICS, TRADE, FINANCE, INVESTEMENT, COMPETITION - 2016/2017

Compulsory course or activityNo
Year of course2s
Term or semester1st semester
Scientific fields (settori scientifico-disciplinari)
  • IUS/04 - Diritto commerciale
ECTS credits (CFU) compulsory6
ECTS credits - facultative-

General information

Aims and objectives: The course aims at analysing the functional profiles and objectives of the corporate governance system of companies limited by shares, through a comparative analysis of the key features of corporate law in some of the major jurisdictions. A comprehensive analysis of the most relevant conflicts within a company, in particular between managers and shareholders, controlling and minority shareholders, shareholders and non-shareholders, will give the opportunity to analyse how the law tries to create the proper incentives as to direct the management of the corporate firm towards the pursuit of legality and efficiency to the benefit of the economic system as a whole.

Expected learning results: Objectives of the course and learning outcomes
- understanding of the inspiring principles of the system through the analysis of the fundamental institutions of corporate law;
- ability to apply critical analysis and elaboration of knowledge, together with understanding of practical implication;
- ability to interpret the rules of law in the perspective of the general principles, to pinpoint their ratio and to maintain reasoned positions on their use.

Syllabus

Syllabus: What is Corporate Law? - Agency problems and legal strategies - The basic Governance structure: a) the interests of shareholders as a class; b) Minority shareholders and non-shareholders constituencies - Transactions with creditors - Related Party transactions - Fundamental changes - Control transactions - Issuers and Investor protection

Readings: R. Kraakman, J. Armour, P. Davies, L. Enriques, H. Hansmann, G. Hertig, K. Hopt, H. Kanda, E. Rock, The Anatomy of Corporate Law. A Comparative and Functional Approach, Oxford, 2009, Second Edition

Prerequisites, exams and assessment

Examunico
Type of assessment
Assessment

Structure of the course

Scientific fields

  • IUS/04 - Diritto commerciale - Credits:6
Activities

Lezioni: 42 hours

Teachers ' office hours

Teacher's office hours
TeacherOffice location
ALBERTO TOFFOLETTO , responsible for the courseSu appuntamento, telefonando allo 02/725513502