In US, state law as mention, is very important because the state stature and
precedent legal view represents how the company should conduct its activities. UK
and US court usually pro the market mechanism than any other norms of market
intervention, therefore, court usually gives her views that support any means to ensure
the market mechanism are fully functioned. UK Corporation and US usually statue in
one tier board system with committee for particular task assigned from the board such
as compensation committee, auditor committee, and etc.