LAW 962-01 Comparative Corporate Law

All modern industrialized countries have developed a business entity similar to the device we call a corporation." The legal systems in those countries must to deal with the challenges that corporation-like entities present. For example, in the rich nexus of interests that surround a collective enterprise like a corporation, the interests of management may conflict with the interests of owners; majority owners may have different interests than those of minority shareholders; and others, be they the state, employees, creditors, or society at large, may have interests that conflict with the corporation's goals.