Business Associations - LAWS1091
Faculty: Faculty of Law
School: Faculty of Law
Course Outline: See below
Campus: Sydney
Career: Undergraduate
Units of Credit: 6
EFTSL: 0.12500 (more info)
Indicative Contact Hours per Week: 4
Enrolment Requirements:
Pre-requisite: LAWS2385 or JURD7285 Pre-requisite: LAWS2381 or JURD7281
Excluded: JURD7224, LAWS2010
CSS Contribution Charge: 3 (more info)
Tuition Fee: See Tuition Fee Schedule
Further Information: See Class Timetable
Description
This course examines the central legislative rules and legal principles of corporations law. Foundational principles such as limited liability and rights attached to shares are examined together with the rights of shareholders and other stakeholders. There is a particular focus on the appointment and removal of directors and officers, and their duties and decision-making processes. Wider policy issues, including the powers and role of the regulators, are also examined.
Course Learning Outcomes
The student will be able to:
- Demonstrate awareness of principles of business associations law and their relationship to the broader economic and social context;
- Explain the foundational principles and theories of business associations and apply them to particular corporate hypothetical fact scenarios;
- Being informed about theories of the corporation, engage in critical analysis of the impact of legal regulation on corporate stakeholders;
- Navigate and apply corporate law texts, both statutory and judicial;
- Engage in critical analysis of relevant policy contexts and cultures;
- Demonstrate effective oral communication skills by delivering accurate and insightful contributions in class;
- Demonstrate effective written communication skills by articulating legal concepts clearly, persuasively and appropriately; and
- Demonstrate an ability to incorporate a range of legal, theoretical and interdisciplinary research sources in written communication with appropriate referencing.
Topics
- Introduction to the Corporation and incorporating under Australian law
- Separate legal personality
- Implications of limited liability
- The Corporate Constitution and Decision Making by the Board of Directors
- Decision making by the General Meeting
- Theories of the corporation
- Contracts with outsiders
- Introduction to Corporate Governance
- Further Consideration of Theoretical Readings (Classes 6 & 8) and Discussion of Essay Topics and Problem Questions
- Directors’ duty of care
- Directors’ duty to act in good faith and for proper purposes
- Directors’ duty to avoid conflicts
Assessment
Online quiz - 10%
Compulsory essay - 30%
Two-hour examination - 60%
Class participation - up to 5%
Compulsory essay - 30%
Two-hour examination - 60%
Class participation - up to 5%
Texts
Cases and materials compiled by convenors.