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In 1963, the first edition of The Legal and Regulatory Environment of Business, authored by Bob Corley, initiated a focus on the legal environment in which business is conducted. Understanding the importance of having students study the public nature of how government regulates business activities, rather than simply how businesses privately make transactions, universities moved away from traditional Business Law. Fifteen editions later, Reed’s The Legal and Regulatory Environment of Business has been the leader in setting the standard for materials that demonstrate that law is at the core of the private market and plays a crucial role in business.
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Peter Shedd is the University Professor Emeritus of Legal Studies in the Terry College of Business at the University of Georgia where he received his B.B.A. and J.D. degrees. He also has been a Visiting Professor in the Ross School of Business at the University of Michigan and the Warrington College of Business at the University of Florida. Professor Shedd has extensive experience as a teacher, researcher, administrator, and author of business-related texts. His teaching of undergraduate and MBA courses has earned Professor Shedd numerous teaching awards including being named a Josiah Meigs Distinguished Teaching Professor. Professor Shedd is an active member of the Academy of Legal Studies in Business and its Southeastern Regional. He served as national president during 1999–2000. Professor Shedd is a member of the State Bar of Georgia and is an experienced arbitrator and mediator.
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