The course focuses on the way companies are directed and controlled.
The course analyzes developments in the system of corporate governance in major industrial countries and develops an awareness of the problems associated with the interaction of the board, CEO and management, shareholders, and other stakeholders of a corporation.
This course presents a set of instruments that can be used by boards to offer effective strategic direction and control to their organization.
Readings required:
A. Zattoni (2015), Corporate governance, EGEA
A. Micklethwait, P. Dimond (2017), Driven to the Brink. Why Corporate Governance, Board Leadership and Culture Matter, Palgrave Macmillan.
Supplementary readings:
S. Thomsen, M. Conyon (2012), Corporate Governance. Mechanisms and Systems. McGraw-Hill
B. Tricker (2015), Corporate governance. Principles, Policies and Practices, Oxford University Press
A. Rasche, M. Morsing, J. Moon (2017), Corporate Social Responsibility. Strategy, Communication, Governance. Cambridge University Press
Course program
I. INTRODUCTION
1. What is Corporate Governance
2. Theories of Corporate Governance
3. The Mechanism of Governance
4. International Corporate Governance
II. MECHANISMS
5. Informal Governance
6. Corporate Social Responsibility
7. Corporate Ownership
8. Board Theories and Board Structure
9. Board Behaviour
10. Executive Compensation
III. INTERNATIONAL SYSTEMS
11. Corporate Governance in the United States and the United Kingdom
12. Corporate Ownership: Institutional Investors and Activist Shareholders
13. Germany and Bank Governance