Delivered at:: Department of Management

Course type:: Compulsory course

When:: 4 year, 2 module

Instructors

Boguslavskaya, Svetlana B.

Бурко Екатерина Дмитриевна

Вологжанина Ангелина Александровна

Савина Дарья Олеговна

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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

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

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

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

Activity
Group Project
Homework
Test

Interim Assessment

2024/2025 2nd module
0.15 * Activity + 0.4 * Group Project + 0.15 * Homework + 0.3 * Test

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

Authors

Boguslavskaia SVETLANA BORISOVNA

Bachelor’s Programme 'International Business and Management Studies'

Corporate Governance