CO!IO!

ATIOS
CO!!SI IIO!MATIO

Irofossor JonnIfor ArIon InII 20l3
CInss Tuos, l2l50 Thurs l0ll50 IrI. lll2 Ihono 9928842
OffIco Hours Tuos 430530 or by n!f 4ll JonnIfor.ArIonnyu.odu
TonchIng AssIsfnnf MIchnoI CnnoncIn MIchnoIcnnoncIngmnII.com
ThIs courso oxnmInos fho Inws govornIng fho roInfIonshIs bofwoon fho
dIfforonf consfIfuoncIos fhnf mnko u fho corornfIon, focusIng on fho Inws govornIng
shnrohoIdors, dIrocfors nnd offIcors of ubIIcIy hoId corornfIons. ToIcs covorod
IncIudo ngoncy Inw, nrfnorshI, corornfo formnfIon, rIghfs of crodIfors, corornfo
govornnnco, fIducInry dufIos, shnrohoIdor IIfIgnfIon, oxocufIvo comonsnfIon, InsIdor
frndIng, morgors nnd ncquIsIfIons nnd socurIfIos frnud.

!oquIrod MnforInIs

WIIIInm KIoIn, Mnrk !nmsoyor, & Sfohon InInbrIdgo, I!SIISS ASSOCIATIOS
CASIS A MATI!IA!S O ACICY, IA!TI!SHIIS, A CO!IO!ATIOS IICHTH
IdIfIon lK!I

CO!IO!ATIOS & I!SIISS ASSOCIATIOS STAT!TIS, !!!IS A IO!MS 20l3 MoI
IIsonborg od

SuIomonfnI !ondIngs lSu. nvnIInbIo onIIno

!ocommondod MnforInIs onIy If noodod
l

CO!IO!ATI !AW STO!IIS IoundnfIon Iross
WIIIInm KIoIn nnd John Coffoo, IusInoss OrgnnIznfIons nnd IInnnco IoundnfIon
Iross ll
fh
Id O!
Mnrk !nmsoyor, IusInoss OrgnnIznfIons Ason Sfudonf TronfIso SorIos 20l2
CrndIng
Your grndo wIII bo bnsod rImnrIIy on fho fInnI oxnm. CInss nrfIcInfIon nIso mny
bo fnkon Info nccounf. I gonornIIy fnko cInss nrfIcInfIon Info nccounf In
doformInIng fho fInnI grndos of sfudonfs whoso oxnm grndos fnII nf fho boundnry
bofwoon fwo Ioffor grndos.

Ixnm
Tho oxnm wIII bo oon book nnd SIC!!I. AIfhough fho formnf vnrIos from yonr fo
yonr, fho oxnm wIII IncIudo n subsfnnfInI numbor of muIfIIo choIco quosfIons. Thoso
gonornIIy nro fncf nfforns foIIowod by quosfIons dosIgnod fo IdonfIfy fho confrnI
Issuo rnIsod nnd whnf IognI sfnndnrd nIIos. Tho muIfIIo choIco quosfIons rosombIo
ossny quosfIons In fhnf mnny rosonf n fncf nfforn nnd fhon nsk quosfIons dosIgnod
fo fosf whofhor fho sfudonf cnn IdonfIfy fho confrnI Issuo nnd fho IognI sfnndnrd fhnf
nIIos. Tho oxnm nIso IncIudos ossny quosfIons nnd mny IncIudo shorf nnswor
quosfIons.

1
I recommend either the Klein and Coffee book or the Ramseyer one. Use them to get an overview of an area we are
studying. Just read them (without slowing down to take extensive notes).
CorornfIons InII, 20l3


!nfos
ThIs Is n no In fo cInss. Tho fonchIng nssIsfnnf wIII fnko nofos for fho cInss. Whon
ho Is nof fhoro, I wIII nsk n sfudonf voIunfoor fo fnko nofos for fho cInss. I wIII osf
fhoso on bInckbonrd nf fho ond of fho dny.

I sfrongIy oncourngo you fo fnko nofos by hnnd In nddIfIon fo fho sfudonf nofos. Tho
rocoss of fnkIng nofos hoIs n gronf donI In IonrnIng fho mnforInI. IIonso do nof roIy
onfIroIy on fho sfudonf nofos nnd fho sIIdos.

SchoduIo Chnngos

CInss nnd OffIco hours nro cnncoIIod Ocfobor l2. I wIII osf fho mnkou cInss undor
nnnouncomonfs fhIs wook.

Mnkou CInss IrIdny Ocfobor l8, 2350

TA sossIons Wo wIII hnvo roguInr rovIow sossIons durIng ono of fho mnkou cInss
bIocks. IIonso omnII mo If you oxocf fo hnvo n roguInr confIIcf durIng ono of fhoso
bIocks.

!ovIow sossIon IrIdny ocombor ?, 24 ThIs Is fho Infosf fhnf I nm nIIowod fo
schoduIo If. I nIso wIII hoId offIco hours.


!ovIow sossIons wIfh fho TA
nfhnn wIII hoId roguInr rovIow sossIons, mosfIy IrIdnys nf 2 m.
CorornfIons InII, 20l3


SY!!AI!S IA!T OI
!osfnfomonf SocfIon AssIgnmonfs !ond socfIons onIy. IIIusfrnfIons nro nof nssIgnod
unIoss ofhorwIso sfnfod.
oIn. ConornI CorornfIon !nw CC! Io suro fo rond nII sfnfufos IIsfod. You nro
oxocfod fo know fhom by confonf nnd numbor. I ronIIy do oxocf you fo know fho
nssIgnod sfnfufos. I wIII fry fo uf sfnfufos In IfnIIcs If you nood fo know corfnIn coro
fonfurs of fho sfnfufo buf nof ovory dofnII.
* onofos ofIonnI nssIgnmonfs.

SICTIO I ACICY

A. WHO IS A ACIT & I!ICIIA!`S !IAII!ITY I COT!ACT
Su Infroducfory MnforInIs
K!I Cnsobook ?l6, 3l34 CnrgIII, MIII Sfroof, AfInnfIc SnImon
Su .3 QuosfIons on CnrgIII
Sfnf Su !osf.3
rd
Agoncy "" l.0ll.04, 2.0l2.03, 2.06, 3.0l, 3.02, 6.0l6.03
K!I l620 3? !onsIng
Su . 49 !Ind & QuosfIons on !Ind
Sfnf Su !osf.3
rd
Agoncy "" 206, 3.03,3.l0, 3.ll, 4.0l4.08

I. !IAII!ITY I TO!T K!I 354? HumbIo, Hoovor, Murhy
Su QuosfIons on HumbIo/Hoovor
Sfnfufory SuIomonf !osf.3
rd
Agoncy "" 2.04
* Su ArIon & Mnc!ood, VIcnrIous !InbIIIfy osfod on SS! www.ssrn.com

C. ACIT !IAII!ITY TO I!ICIIA! II!CIA!Y !TIIS
K!I 69?5 !ondIng !nsh
K!I MoInhnrd v SnImon 97-103
2


SICTIO II CO!IO!ATI IO!MATIO, IIACI, A !IMITI !IAII!ITY

A. IT!O!CTIO TO THI CO!IO!ATI IO!M & IO!MATIO
Su .lll? InfroducfIon Tho Corornfo Sfrucfuro

I. IASIC COCIITS I VA!!ATIO A CO!IO!ATI IIACI
Su .l?24 InsIc Concofs In VnIunfIon nnd Corornfo IInnnco
Io suro fo soIvo ovory robIom In fhIs socfIon

C. CO!IO!ATI SIC!!ITIIS A CAIITA! ST!!CT!!I
Su .2528 Corornfo SocurIfIos nnd CnIfnI Sfrucfuro
Su2829 IrobIom on CnIfnI Sfrucfuro nnd !ovorngo


2
Analyze case assuming Salmon was an agent of the business and also has a duty of loyalty to his fellow joint venture
(but only for the scope of the business).
CorornfIons InII, 20l3


. !IMITI !IAII!ITY A III!CIC THI CO!IO!ATI VII!
Su .3036 !ImIfod !InbIIIfy nnd fho !Ighfs of CrodIfors do fho robIom
K!I l?6l8? WnIkovsky, Son!nnd
Su SonInnd II
Su ZnIsf v OIson

SICTIO III CIT!A!IZI MAACIMIT A ITS IMI!ICATIOS

A. IT!O!CTIO TO CO!IO!ATI IO!MATIO
Su .lll? InfroducfIon Tho Corornfo Sfrucfuro rovIsIfod
oIn. ConornI Cor !nw CC! l02, l09,

I. CIT!A!IZI MAACIMIT A !ICHTS OI SHA!IHO!I!S
Su 464? ConfrnIIzo Mnnngomonf & Mnnson cnso
Su AIrgns bo suro fo nnswor quosfIons In fho foofnofos
Su 5456 Infforson IrobIom
Su 5?6l Crown Imnk
CC! l02, l09, l4l, l42, 2ll, 2l2n, 2l6, 2l8, 223, 228, 242b, 25lb,c, 2?l
*Su ofo on CumuInfIvo VofIng

SICTIO IV II!CIA!Y !TIIS A SHA!IHO!I!S !ITICATIO
A. II!CIA!Y !TIIS CA!I A COO IAITH

l. IusInoss Judgmonf !uIo nnd ChnIIongos fo SubsfnnfIvo ocIsIons
Su .6? IusInoss Judgmonf !uIo, IIducInry ufIos
K!I 308 3l2 KnmIn
CC! l02, l4l
2. !ImIfnfIons on fho Ionrd`s Iowor fo Acf !Ifrn VIros & Wnsfo
K!I 25?26?odgo, WrIgIoy
KI! 25l5? InrIow
oIn l0lb, l02n3, l2l, l22, l24, l4ln
* Corornfo SforIos, Chnfor 2
3. ChnIIongos fo Ionrd AcfIon whon dIrocfors dIsInforosfod ufy of Cnro
K!I 3l2326 Vnn Corkom, CInornmn nofo
Su ofos on Vnn Corkom & CInormn
Su CnnfIor
ofo on !ondon
CC! l4ln, l4lo
CC! l02b?
*Corornfo SforIos Chnfor ?
4. ChnIIongos fo IsInforosfod Ionrd AcfIon Cood InIfh IxocufIvo Com
K!I 3?3390 Isnoy
IxocufIvo comonsnfIon odd Irnnk

CorornfIons InII, 20l3


5. ChnIIongos Insod on Irocfor InncfIon InIIuro fo SuorvIso
K!I 326 333 IrnncIs
Su Q`s on IrnncIs
Su Cnromnrk
K!I 39l398 Sfono
Su Q`s on Sfono
Sfnf Su Snrbnnos OxIoy 404n
*Corornfo SforIos Chnfor ll
Su Iyoff
Su In ro CIfIgrou

I. II!CIA!Y !TIIS !TY OI !OYA!TY
l. SoIfonIIng TrnnsncfIons o ConfroIIIng ShnrohoIdor
K!I 334 345Inyor, IonIhnnn
Su. . l0l CnnfIor
K!I 3653?2 IIIogIor, WhooInbrnfor
Su IIsonborg rondIng
CC! l44,l22l?

2. Corornfo OorfunIfy K!I 345 355 Iroz, oIny, Ionm
oIn. l22l?

3. Whnf ConsfIfufos SoIfonIIng by n ConfroIIIng ShnrohoIdor
K!I 355365 SIncInIr, Znhn
CC! l44, l?0

C. SHA!IHO!I! IIO!CIMIT OI II!CIA!Y !TIIS I!ICT & I!IVATIVI ACTIOS

l. Irocf vorsus orIvnfIvo SuIfs
Su ShnrohoIdor SuIfs
K!I 20l2l0 Cohon, IIsonborg

2. orIvnfIvo SuIfs omnnd !oquIromonfs K!I 2l0 2l9CrImos
Su QuosfIons on fho omnnd !oquIromonf
Su !nIos
Su Iyoff II
ofo on SoInfoId
3. !oIo of SocInI CommIffoos
K!I 238263 Auorbnch, Znnfn, OrncIo, Ionm
Su !ondon v TyroII