OUR ACADEMIC DEPARTEMENTS |
Lesson details
 | CORPORATE GOVERNANCE : A FINANCIAL PERSPECTIVE | ||
2018-2019 | EnIESEG School of Management
(
IÉSEG
)
| ||
Class code : | 1819-IÉSEG-M1S2-FIN-MA-EI25UE | FINANCE | |
| Level | Year | Period | Language of instruction |
|---|---|---|---|
| Master | 1 | S2 | EnEnglish |
| Academic responsibility | M.MAZUR |
|---|---|
| Lecturer(s) | Mieszko MAZUR |
- This class exists in these courses :
- IÉSEG > IESEG Degree - Programme Grande École > Semester 1 > 2,00 ECTS
Prerequisites
PRINCIPLES OF FINANCIAL ACCOUNTING AND CORPORATE FINANCE
Learning outcomes
At the end of the course, the student should be able to:
-explain the rationale for the existence of the different corporate governance systems around the world and their economic implications
-understand the relationship between the quality of corporate governance and shareholder value
-assess the impact of corporate governance arrangements on firm value
-evaluate the efficiency of executive compensation
-understand the role of corporat governance failures in systemic crises
-contribute to the discussion on the role of corporate governance in the worldwide economy
Course description
1. Theoretical Framework (Agency, Information Asymmetry, Moral Hazard)
2. Corporate Goverance Systems (Widely-Held and Closely-Held Firms, Dual-Class Shares)
3. Quality of Corporate Governance (Internal and External Governance, Legal Origin)
4. Board of Directors (CEO Identity, CEO Duality, Independent Directors, Director Identity, Board Committees, Director Elections, Busy Directors, Board Interlocks, Director/Social Networks, Board Size, Board Diversity)
5. Managerial Incentives (Base Salary, Short- and Long-Term Bonuses, Executive Stock Options, Restricted Stocks, Perquisites, Options Backdating, Executive Compensation and M&A, Overpaid Executives, Equity Ownership)
6. Shareholder Activism
7. Corporate Governance and the Recent Financial Crisis
8. Corporate Governance Reform (Cadbury Report, Sarbanes-Oxley Act, Dodd-Frank Act)
Class type
Class structure
| Type of course | Numbers of hours | Comments | |
|---|---|---|---|
| Independent study | |||
| Estimated personal workload | 10,00 | ||
| Group Project | 10,00 | ||
| Face to face | |||
| Interactive class | 16,00 | ||
| Total student workload | 36,00 | ||
Teaching methods
- E-learning
- Project work
- Research
Assessment
Final grade for this course will be based on the attendance and participation, presentation of a case study (in teams), and a homework assignment (in teams).
| Type of control | Duration | Number | Percentage break-down |
|---|---|---|---|
| Continuous assessment | |||
| Oral presentation | 0,30 | 1 | 30,00 |
| Participation | 16,00 | 1 | 30,00 |
| Others | |||
| Written Report | 2,00 | 1 | 10,00 |
| Case study | 6,00 | 1 | 30,00 |
| TOTAL | 100,00 | ||
Recommended reading
- Monks, R.A.G., Minow, N., 2004. Corporate governance. Blackwell Publishing, pp. 195-253 -
Internet resources
- Iéseg
Published articles and working papers
- Corporate Governance Codes
Corporate Governance Codes
- NYSE Governance Standards
NYSE Governance Standards
- Company Financial Reports
Company Financial Reports
- Board of Directors
- Social Networks Software
Social Networks Software (free trial version)
- Option Backdating
Option Backdating
- Harvard University Corporate Governance Blog
Harvard University Corporate Governance Blog
- Board of Directors
* This information is non-binding and can be subject to change
