EC1.Does the duty to obtain profits for shareholders, with all of the underlying ethical rules involving the fiduciary duties of care and loyalty, provide a sufficient incentive to encourage ethical decision-making on the part of corporate boards and executives or do we need to develop a new paradigm of corporate governance?What changes would you suggest?Discuss whether you think that the Benefit Corporation provides a better approach.

EC2:Discuss the limitations on the short swing profits of insiders.Keep in mind that the Supreme Court of the United States focused on form over substance inReliance Electric Company v. Emerson Electric Co., applying the strict rules of the statute rather than looking at the entire transaction.What impact did this decision have on transactions involving short swing profits?

EC3:DiscussDodge v.Ford MotorCo.,paying particular attention to the role that Ford's own testimony played in the court's decision.That is,what could Ford have said on the stand that might have helped his case?When are corporate decisions protected by the Business Judgment Rule and when do those decisions lose that presumption and become subject to second-guessing by courts?What does this case tell us about corporate social responsibility decisions made by companies?