Comparative Corporate Governance

4 ECTS / 24h / English

This course aims to present a comparative view of the discipline that deals with social institutions - both legal and extra-legal - that purport to provide social regulation of relationships within the business corporation. The company is a complex mechanism for cooperation with a view to making money and doing other good deeds. Successful operation of the corporation requires overcoming a series of problems stemming from our human nature. While the basic structure of corporations in modern economies is pretty uniform, different countries address these issues in various ways, including through different legal systems, different market structures, and other social institutions such as social norms and culture. This situation presents a challenge to policy-makers, lawyers, and business people. This course provides an introduction to comparative analysis of corporate governance and its bases in company law and capital market law. We will first identify the fundamental problems that every corporate governance system must address. Next, we will point out some prominent examples of the different ways that countries implement for this task, review the reasons for this diversity and will try to get to its roots. The last part of the course deals with special challenges that face emerging markets and with the interaction between legal systems and other social institutions.


Amir N. Licht is Full Professor at Reichman University (IDC Herzliya), where he also served as Dean of the Law School. He earned his LL.M. and S.J.D. from…