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Corporate Governance

2022/2023
Учебный год
ENG
Обучение ведется на английском языке
6
Кредиты
Статус:
Курс обязательный
Когда читается:
4-й курс, 1, 2 модуль

Преподаватели

Course Syllabus

Abstract

General purpose of this course is students’ acquaintance with principles of Corporate Governance and understanding its importance for companies’ performance. It is aimed at the creation of competencies in the following fields: - Understanding CG principles; - Defining models of CG in different legal and economic systems; - Understanding the connections between CG, corporate finance, corporate performance; - Analysing the reporting; - Assessment of the CG efficiency; - Acquaintance with CG standards and best practices. Corporate Governance is a complex course, synthesizing knowledge and skills in various fields - from law to accountancy. Non-financial issues of CG are now a hot point in theory and practice and should be highlighted specially.
Learning Objectives

Learning Objectives

  • 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
Expected Learning Outcomes

Expected Learning Outcomes

  • Has an idea of foundations of company theory and the agency theory
  • Compares different models of corporate governance. Formulates specific features of the Russian model of corporate governance. Analyses convergence of corporate governance systems.
  • Students should know best corporate governance practices
  • Students should understand drivers of CG
  • Students should understand principles of corporate goals and strategy forming
  • To explain the key characteristics of the agency theory and its relevance to payment incentives
Course Contents

Course Contents

  • 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
Assessment Elements

Assessment Elements

  • non-blocking Test
  • non-blocking Report/Homework
  • non-blocking Exam
Interim Assessment

Interim Assessment

  • 2022/2023 2nd module
    0.1 * Report/Homework + 0.1 * Test + 0.6 * Exam
Bibliography

Bibliography

Recommended Core Bibliography

  • 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
  • The Oxford Handbook of Corporate Governance [Электронный ресурс] / M.Wright, D.S.Siegel, K.Keasey, I.Filatotchev, eds.; oxfordhandbooks. - Oxford University Press, 2013. – Режим доступа: http://www.oxfordhandbooks.com/view/10.1093/oxfordhb/9780199642007.001.0001/oxfordhb-9780199642007. - Загл. с экрана.

Recommended Additional Bibliography

  • Zattoni, A., & Pugliese, A. (2021). Corporate Governance Research in the Wake of a Systemic Crisis: Lessons and Opportunities from the COVID‐19 Pandemic. Journal of Management Studies (John Wiley & Sons, Inc.), 58(5), 1405–1410. https://doi.org/10.1111/joms.12693