Eric W. Orts
Professor of Legal Studies and Business Ethics and Management
Director, Initiative for Global Environmental Leadership
Research Interests: corporate governance, environmental management, environmental law and policy, securities regulation, theories of the firm, professional ethics
MBA and undergraduate courses: Responsibility in Professional Services; Environmental Management: Law and Policy; Law of Corporate Management and Finance.
Ph.D. courses: Foundations of Business Law; Theories of the Business Enterprise.
Undergraduate honors courses: Introduction to Law; Environmental Management: Law and Policy (seminar).
Executive education: faculty director, Business Sustainability Leadership (Wharton-San Francisco); faculty co-director, FINRA Institute at Wharton, Certified Compliance and Regulatory Professional Program.
LGST101 - Introduction to Law and Legal Process
This course presents law as an evolving social institution, with special emphasis on the legal regulation of business. It considers basic concepts of law and legal process, in the U.S. and other legal systems, and introduces the fundamentals of rigorous legal analysis. An in-depth examination of contract law is included.
LGST202 - Law of Corporate Management and Finance
This course provides an introduction to the law of corporate management and finance, focusing on large publicly held corporations. It is presented from the perspective that before too long virtually all students will serve on one or more corporate boards of directors and that each should, therefore, know about the duties owed by directors and officers to those toward whom they bear a fiduciary duty. The course covers the basic obligations of corporate directors and managers under state corporate law and the federal securities laws. It also considers the rights and responsibilites of other major stake holders in the governance of public corporations, including shareholders, creditors/bondholders, employees (including corporate executives), investment bankers, corporate lawyers, and accountants. Particular attention is given to the law of mergers and acquisitions. Important issues of social policy concerning large business corporations are also discussed.
LGST612 - Responsibility in Professional Services
This course uses a professional services context to introduce students to important ethical and legal challenges they will face as leaders in such fields as financial services, health care, real estate, and consulting. However, the scope is not limited to these contexts and will be equally useful to students preparing for any managerial position that is likely to place them in advisory and/or agency roles owing duties to employers, clients, suppliers, and customers. Although coverage will vary depending on instructor, the focus of the course will be on developing skills in ethical and legal analyses that can assist managers as they make both individual-level and firm-level decisions about the responsible courses of action when duties, loyalties, rules, norms, and interests are in conflict. For example, the rules of insider trading may form the basis for lessons in some sections.