What does corporate law govern?

Corporate law primarily governs the formation, organization, and operations of corporations. This area of law encompasses a wide range of topics, including the rights and responsibilities of shareholders, directors, and officers, as well as the processes involved in forming and dissolving a corporation. Corporate law provides the legal framework within which corporations operate, ensuring compliance with state and federal regulations.

The other options mention important aspects of business law but do not specifically reflect the primary focus of corporate law. The Federal Trade Commission (FTC) regulations relate more to consumer protection and trade practices, personal liability of corporate executives touches on accountability but is a narrower issue within corporate governance, and employment laws cover a different legal area that concerns the relationship between employers and employees rather than the overarching rules governing corporate entities.