LAW 763LEC - Compliance

This course uses the oversight responsibilities of the board of directors to frame the management of both ongoing concerns and issues that may arise in the course of business. Specific topics may include financial reporting under the securities laws and audit committees, executive compensation and compensation committees, operational risk management, compliance with Anti-Money Laundering and Foreign Corrupt Practices Act obligations, international sanctions, health care and retirement obligations, internal investigations, and white collar crime. This course also introduces students to the process by which companies renegotiate the financial contracts and commitments they have entered into with their creditors, employers, suppliers, customers, shareholders, usually in response to some financial challenge or other crisis. Often operational restructuring accompanies financial restructuring, which requires cutting costs and selling assets. Topics covered include Chapter 11 bankruptcy, out-of-court workouts, distressed exchange offers, prepackaged bankruptcy and debtor-in-possession (DIP) financing.

Credits: 3