State Law and Corporate Governance

The video discusses the role of state law in corporate governance, highlighting how states develop their own corporate laws or adopt the Model Business Corporations Act. It emphasizes Delaware's advantages for corporations, including its broad corporate law, responsive legislature, and the specialized Chancery Court, which provides expert judgment on corporate matters without jury trials. These factors make Delaware a preferred state for corporate formation and governance.

Why do many corporations choose to incorporate in Delaware despite operating primarily in other states?

What are the benefits of the Chancery Court in Delaware for corporate governance?