Building on foundational concepts, this module walks learners through how corporations are formed and governed. It covers the procedural and substantive steps in incorporation, including the filing of charters and the adoption of bylaws. Learners will examine how governance is structured through shareholder voting, board formation, and rule-based systems that define internal corporate authority. The module emphasizes the ways law enables control, coordination, and accountability within the firm.

This module focuses on the obligations of corporate fiduciaries and the legal frameworks that manage agency costs. It introduces the core fiduciary duties of loyalty and care, examines protective doctrines like the business judgment rule, and analyzes key cases that illustrate these principles. Learners will also study the procedural rules governing shareholder litigation, including derivative suits, demand requirements, and special litigation committees, all of which act as gatekeepers to corporate accountability.

The final module expands the scope to consider variations in firm structure, major corporate transactions, and the cultural and narrative dimensions of corporate law. It examines closely held firms and their unique governance challenges, merger and acquisition law including fiduciary realignment, and the informal ways in which norms, stories, and reputational incentives shape behavior in the corporate sphere. Learners will gain a nuanced view of how law functions both formally and informally at the boundaries of institutional enforcement.