Subject
Corporate Governance
- code 11121
- course 4
- term Semester 2
- type op
- credits 3
Main language of instruction: English
Teaching staff
Introduction
This course aims to provide in-depth understanding of structure and governing bodies of a corporate business organization. Specifically, it enables students to understand principles of corporate governance, the role of board of directors, and the importance of corporate social responsibility.
Pre-course requirements
Objectives
- Understand principles of appropriate corporate management
- Understand shareholders’, board members’ and stakeholders’ interests, duties and responsibilities
- Be able to identify best corporate policies that create transparency, adequate HR practices and appropriate corporate behaviors
Competences / Learning outcomes of the degree programme
- 12 - To be familiar with the main concepts and theories of economic and business philosophy.
- 13 - To be familiar with and understand the terms and processes of company management.
- 24 - To be able to carry out a financial, social and historical analysis of the environment in which a company operates.
- 25 - To understand the commercial function of a company and its objectives.
- 28 - To be able to work in another language and use terminology and structures related to the economic-business world.
- 33 - To be able to search for, interpret and convey information.
- 34 - To develop the ability to predict situations and anticipate events, as well as be able to recognise and interpret an economic situation within a specific context.
- 37 - To be able to apply managerial methods, tools and techniques.
- 39 - To acquire the ability to solve problems and make decisions based on relevant information, applying the appropriate methods and situating the problem within the organisation as a whole.
- 45 - To be able to work with academic papers.
- 48 - To be able to identify the information needs in order to manage the main departments within organisations.
- 51 - To develop decision making skills.
- 52 - To develop interpersonal skills and the ability to work as part of a team.
- 56 - To be able to create arguments which are conducive to critical and self-critical thinking.
- 63 - To be able to analyse business related behaviour and decisions and evaluate them from an economic, social and ethical point of view.
- 68 - To develop mechanisms that encourage sensitivity towards social welfare issues.
Learning outcomes of the subject
After finishing the course the student will know:
- What factors have formed corporate governance throughout corporate history
- How to apply the different theories of corporate governance to explain the behaviors and motivations of executives and shareholders
- The key challenges of the Board of Directors of the 21st century
- The remuneration models of executives and Board Directors
- The challenges of international corporations
- The principles and strategies of corporate social responsibility.
Syllabus
- Historical perspective of Corporate Governance
- Principles and theories of Corporate governance
- The Governance body: investors, shareholders, board of directors
- Diversity of Board of Directors: culture and gender issues
- Internal and external auditing of corporations
- Executive compensation: issues and practices
- Governance of family owned corporations
- Foreign subsidiaries of corporations: challenges of global business
- Corporate Social Responsibility
Teaching and learning activities
In person
TRAINING ACTIVITY | COMPETENCES |
---|
Case analysis
| 34 37 39 48 51 52 56 |
Lecture
| 12 24 25 63 68 |
Classroom practicum (solving problems/videos/text commentary/sheets)
| 13 25 51 52 56 |
Individual study
| 24 28 33 45 63 |
Project presentations and debates
| 28 52 |
Writing up projects
| 24 25 28 33 45 56 |
Evaluation systems and criteria
In person
- Group work (cases, articles, debates, presentations etc.) - 30%
- Individual work – 30%
- Midterm and Final exam – 40%
Bibliography and resources
Books:
- Thomsen, S., Conyon, M. 2012. Corporate Governance. Mechanisms and systems. 1st edition, McGraw Hill
- Grandori, A. 2004. Corporate governance and firm organization: micro - foundations and structural forms . Oxford University Press
- Mallin , C. A. 2006. Handbook on International Corporate Governance. Country analyses . Edward Elgar, UK
- Cohen, S. Boyd, G. 2006. Corporate governance and globalization: long range planning issues . Edward Elgar, UK
- Vives , X. 2000. Corporate governance : theoretical and empirical perspectives . Cambridge University Press, UK
- Van den Berghe , L. 2002.Corporate governance in a globalizing world: convergence or divergence ? Kluwer Academic Publishers, USA
Scientific journals:
- Corporate Governance ( Emerald Group Publishing)
- Corporate Governance: An International review (Wiley)
- Journal of Business Ethics (Springer)
- International Journal of Disclosure ad Governance (Palgrave)
- Journal of Management and Governance (Springer)
- Journal of Business Research (Elsevier)
- Harvard Business Review
Newspapers and magazines :
- The Time
- The Economist
- The Washington Post
- Financial Times
- Forbes
- Bloomberg
- Business Insider
- Inc.
- Fortune
Evaluation period
E: exam date | R: revision date | 1: first session | 2: second session:
- E1 20/05/2019 10:00h a302
- E2 25/06/2019 08:00h b501