The Fourth Edition is completely updated throughout. It now includes excerpts from important recent cases such as Air Products v. Airgas and In re CNX Gas and provides commentary on current developments, such as "Say on Pay" proxy access, and the Dodd-Frank Act of 2010. A new chapter on executive compensation appears. The Fourth Edition provides additional contextual background for certain cases to help students better understand the court's reasoning. The text continues to provide additional questions, connections to the empirical literature, and cross-country comparisons.
Hallmark features of Commentaries and Cases on the Law of Business Organization:
- Extraordinary authorship
- Allen, former Chancellor of the Delaware Court of Chancery
- lends unique real-world perspective
- Logical and flexible organization
- chapters 1-4 cover fundamentals of organizational law in a business setting
- chapters 5-13 address legal regulation of a variety of actions, decisions, and transactions that concern the modern public corporation.
- chapters can be taught in any order
- accommodates alternative teaching approaches
- Clear, concise introductions and transitional text
- provide context and perspective
- Rich commentary
- comes in the form of explanatory notes
- facilitates teaching and understanding
- Intelligent case selection and editing
- presents classic and important recent cases
- Economic-analysis perspective
- presented accessibly through clear and consistent explanatory text
- Examples, hypos, and diagrams illustrate conceptual and theoretical models
- Can be used in a Business Organization course with a focus on corporate law