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Interesting Lectures and Seminars

Enterprise Law 1:
Learning Law from a Management Studies Perspective

Atsuki Hina
3rd year student at the School of Commerce

At times, the teacher, Munehisa Wada, expands upon his energetic lessons by adding his own stories

I wonder what kind of image students in the School of Commerce have about enterprise law. I am sure that there are more than a few students who think things like "enterprise law? But, I'm in the School of Commerce" and "It would take too much effort to memorize all the articles in corporation law and the special terminology." However, this is not how it really is. I think it is especially students in the School of Commerce that should be studying corporation law and in this class there is no need to learn many difficult articles and special terms.

In Enterprise Law I, we mainly study about the establishment of a public company and governance. For example, in relation to the layout of an organization, we look at the existence of obligations in the incorporation of an organization, such as Company Directors and Company Auditors. We also look at what is decided in Board of Directors' Meetings and General Meetings of Stockholders and learn the extent of the rights of shareholders. Of course, in this class, a lot of corporation law-related terms appear, including "pass-through-taxation," "borrow-and-deposit" and "stock options." However, the tests are not looking for "knowledge," but rather "opinions," such as identifying problems in the current system and what you would do in a particular situation. There is no need to worry about cramming for the test the night before; instead your ability to think from everyday life will be tested.

Learning "law" from a management studies perspective

As described above, in this class, the incorporation of public companies and governance is studied, so students in the School of Commerce can also learn about law from a management studies perspective. The teacher, Munehisa Wada, skillfully explains, in a way that is easy to understand, themes which sound difficult by using figures and judicial precedents. In particular, although sometimes the class digresses, the classroom is often filled with laughter from stories, such as the anecdote of when he took an interview at a certain television station while job-hunting and got into a big argument with the interviewer over the content of that station's news programs.

Of course, this is not a relaxed class such as where it is possible to receive credit without attending any lessons or doing any study, but the teacher is an energetic, friendly and great person, and the content of this course is very beneficial to students who are looking for employment and people thinking about starting up a business in the future. In that sense, this class is one which I would like to recommend to a great many students.