LEGAL 4104
Business Organizations and Corporate Governance
Cornell University · UGRD · Fall 2026
Catalog description
This course provides an overview of the different types of business organizations, including limited liability companies and partnerships, before focusing on corporations. Your study will take a practical approach, covering key elements of corporate governance law in order to enable you to understand, anticipate, and respond to the concerns of various stakeholders within your organization. You will analyze the roles and duties of corporate directors, management, and shareholders, then apply the laws surrounding fiduciary duties and the business judgment rule to various simulated corporate transactions or decisions. Finally, you will assess how shareholder value is measured, including a look at “benefit corporations” and how they differ from traditional corporations. Throughout the course, you will apply the course material to a series of hypothetical problems and proposed corporate actions. Accordingly, at the end of the course, you will have a toolkit of legal principles to use in analyzing corporate decision making and communicating with stakeholders throughout your organization.
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