EL 708 - New Governance

(3.00 cr.)

Prerequisite: EL 699 . Restricted to Emerging Leaders MBA students. Considers and applies the idea of "new governance," a phraseology that refers to a fresh approach to reform that encourages dialogue about regulatory principles from the perspectives of industry, regulators, corporate social responsibility (CSR) advocates, and shareholders. New governance is considered as an approach to public problem-solving in response to corporate wrongdoing; as an approach to incentivizing good corporate behavior through principles-based, rather than compliance-based, approaches; and as a rational, systematic means through which industry learning and the input of third party stakeholders can fill in the content of otherwise vague principles. Students have an opportunity to consider ways to harness the best corporate behavior, especially from transnational corporations (TNCs). Six "modes of social control" that can incentivize good companies are considered-law, affinity group regulation, self-regulation, ethical precepts, the media, and an engaged civil society. American and European responses to new governance are considered. An international trip may be included. (Spring only)