Table Of Contents:

PART 1: THE BUSINESS CORPORATION AS A LEGAL INSTITUTION

1: Emergence of the Business Corporation

2: European and International Context

3: Nature and Formation

PART 2: STRATEGIES TO REDUCE AGENCY COSTS BETWEEN DIRECTORS AND SHAREHOLDERS

4: Corporate Governance Regulation

5: Elements of Shareholder Democracy

6: Constraints on Discretion: Part 1 - Directors

7: Constraints on Discretion: Part 2 - Shareholders

8: Enforcement

PART 3: STRATEGIES TO REDUCE AGENCY COSTS BETWEEN THE COMPANY AND CREDITORS

9: The Concept of Legal Capital

10: Exceptions to the Principle of Limited Liability

11: Dissolution and Corporate Insolvency

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