Law Schedule of Classes

NOTE: Course offerings change. Classes offered this semester may not be offered in future semesters.

263.1 sec. 001 - Advanced Topics in Corporate Governance: A Comparative Analysis of the U.S. and Asia (Fall 2019)

Instructor: Zenichi Shishido  (view instructor's teaching evaluations - degree students only | profile)
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Units: 1


    Tu 6:25 PM - 8:25 PM
    Location: Law 134
    From August 20, 2019
    To September 24, 2019

Course Start: August 20, 2019
Course End: September 24, 2019
Class Number: 32405

Enrollment info:
Enrolled: 5
Waitlisted: 0
Enroll Limit: 22
As of: 04/07 11:14 PM

This is a seminar course focusing on a comparative analysis of business systems across the world, particularly those in the US and Asia. We will discuss the basic question: how does law matter to business practice?

To answer this question, we need to take into consideration two complementarities. First, the legal system in a given country consists of a variety of legal subject areas, including corporate law, securities regulation, labor law, bankruptcy law, and tax law, among others. These areas of law do not operate in isolation but rather in complement to affect the business practices in a country. Second, the law operates in conjunction with economic markets and social norms.

With this in mind, I propose the following framework: consider the firm as a forum for incentive bargaining among four major participants: management, employees, creditors, and shareholders. How do the complementary effects of various laws, markets, and norms affect the incentives of each participant? How has this affected the accepted business practices in a country, and in turn, the broader business system?

Each week, students will be exposed to classical readings in business law theory, as well as more recent scholarship that applies those classical theories to case studies of modern US and Asian firms. Through the readings and participation in class discussions, my hope is that students will learn to think critically about the dynamic interplay of legal systems, economic markets, and social norms and their combined effects on business systems. This class will be a great introduction to US business law via a comparative law approach with Asia.

Zenichi Shishido is Professor of Law at Hitotsubashi University, Graduate School of Law and continues to be a Visiting Professor at UC Berkeley Law on a regular basis. Professor Shishido taught at Seikei University (1983-2009) and has been a Visiting Professor at Columbia Law School (1998-1999) and Harvard Law School (2005), a Senior Research Scholar in Law at Yale Law School (2015), and a Senior Research Scholar at National University of Singapore (2017). Professor Shishido is a well-known authority on Japanese and comparative corporate governance, having written extensively on the subject in both Japanese and English. He has also served on advisory councils to Japan’s Ministry of Economy, Trade and Industry (METI) and Ministry of Justice (MOJ). His publications in English include the books Enterprise Law: Contracts, Markets, and Laws in the US and Japan (Edward Elgar, 2014); Joint Venture Strategies: Design, Bargaining, and the Law (Edward Elgar, 2015).

Exam Notes: (P) Final paper  
This is a credit only course
Course Category: Business Law
This course is listed in the following sub-categories:
Social Justice and Public Interest

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