Reference no: EM133665772

Discussion Post

I. Write a 300 word discussion thread/post on the following: In re Caremark Int'l, is a landmark decision in corporate governance. Lawsuits alleging a failure of corporate oversight under this legal precedent are often referred to as Caremark claims. In Caremark, the court held that "an utter failure to attempt to assure a reasonable information and reporting system exits" constitutes a breach of duty. Stephen Bainbridge, in the assigned article, addresses whether shareholders could bring suit against "boards of directors of companies with lax risk management programs?" In your thread, discuss the fiduciary compliance duties that Chancellor Allen articulated in Caremark. Then, discuss the merits of Enterprise Risk Management and whether Caremark liability extends to risk management.

II. Write a 400 word discussion thread/post on the following: American Legal Realism, Law and Economics, and the Interpretive Approach are among the most influential modern perspectives of legal theory. Discuss which aspects of these theories are consistent or inconsistent with the biblical worldview of law.

III. Write a 400 word discussion thread/post on the following: Professor Berman asserts that natural law, legal positivism, and historical jurisprudence should be integrated to explain, justify, and guide the development of law in the latter part of the twentieth century. Please choose a contemporary legal issue in the United States and explain whether the three schools could successfully be integrated to reach a result that is consistent with biblical principles. Be sure to fully explain and support your position.

IV. Write a 300 word discussion thread/post on the following: What does the Bible have to say about risk management? Identify three Biblical principles and discuss their application to risk management.