This first edition illuminates and accommodates both the complicated regulatory framework and the dynamic nature of corporate governance law. Chapters typically cover all three areas of regulation — federal, state, and self-regulatory organizations. We examine corporate governance as positive law, but we also include normative and even empirical perspectives on the doctrine. We have incorporated discussions on new developments and evolving practices, often in the comments and questions following each section. Nonetheless, this area of law, by definition, represents a complex balance that we, as authors, have attempted to depict, and that you, the faculty and students using the textbook, will discover during the pedagogical process.

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