- To make clear the principles of corporate governance (CG)
- To provide tools for analysis of a company’s corporate governance system
- To develop the skills in analysis of CG relationship with companies’ performance
- To acquire the knowledge of basic functions of CG, key financial and non-financial stakeholders, the role of financial and non-financial institutions in a company’s governance, key concepts of CG
- To acquire the ability to analyze principles of decision-making, to determine the key interests of major stakeholders, to analyse the system of CG
- To acquire the skills of matching CG decisions and a company’s strategy, alongside taking ethical and reasonable, data-driven CG decisions
- Students should know best corporate governance practices
- Students should understand drivers of CG
- Students should understand features of each model
- Students should understand principles of board composition
- Students should understand principles of corporate goals and strategy forming
- Students should understand principles of corporate investment and financial decision-taking
- Students should understand recognize stakeholders’ interests in corporate governance
- Students should understand the relationship between management compensation and companies’ performance
- Students should understand the relationship between ownership theories and corporate governance practices
- What is Corporate Governance?
- Models of Corporate Governance
- Theories of Ownership and Government Cycles
- Stakeholders and Stakeholders’ Maximization
- The Role of the Board. Management compensation
- CG standards and practices
- What is Corporate Governance?
- Midterm TestOpen book test lasts for 80 minutes
- Class activities
- Home Assignment II Individual project. Analysis of CG system of a public companyAnalysis of CG system of a public company of your choice. Detailed guidelines will be posted in advance.
- Test II
- Home Assignment II. Case Analysis
- Home Assignment I. Group real case analysisCorporate frauds analysis in the form of text report and oral presentation. Detailed guidelines will be posted in advance.
- 2021/2022 2nd module0.4 * Exam + 0.2 * Home Assignment I. Group real case analysis + 0.15 * Class activities + 0.15 * Midterm Test + 0.1 * Home Assignment II Individual project. Analysis of CG system of a public company
- Monks, R. A. G., & Minow, N. (2011). Corporate Governance (Vol. 5th ed). Chichester, West Sussex, U.K.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=499656
- Erkens, D. H., Hung, M., & Matos, P. (2012). Corporate governance in the 2007–2008 financial crisis: Evidence from financial institutions worldwide. Journal of Corporate Finance, (2), 389. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.eee.corfin.v18y2012i2p389.411
- Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, (4), 305. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.eee.jfinec.v3y1976i4p305.360
- Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. https://doi.org/10.1111/j.1540-6261.1997.tb04820.x