Corporate Governance and Management Control

RRR10 Corporate Governance and Management Control

  • Topics

    Topics

     

    This course addresses the structures and tools used to prevent corporate failures, fraud and the destruction of value at the top-level of corporations. The course starts by outlining the theories underlying the corporate governance problem. This includes the rise of the modern corporation and the separation of ownership and control. The principal-agent theory is used as the starting-point for understanding the basic corporate governance problem. However, the course also addresses alternative theories, such as resource dependence theory and stakeholder theory.

    Ethics is integrated in the course as a central theme in relation to corporate scandals (e.g. Enron, RBS, Satyam). Ethics is also addressed in relation to the normative question of what is the goal of a company, and in discussing the maximization of shareholder value versus alternative perspectives, such as stakeholder theory and corporate social responsibility.

    Central topics:

    • Historical and theoretical background to corporate governance.
    • Boards of directors; structure, composition, and processes.
    • Ownership, corporate boards and top-management.
    • Use of accounting information by corporate boards.
    • Corporate governance as an integrated system of controls.
    • National variety in corporate governance regulation and practice.
    • Codes of corporate governance.
    • Financialization and corporate governance.
    • CSR and corporate governance.

  • Learning outcome

    Learning outcome

    Upon completion of the course, the students shall,

     

    Knowledge

    • Have knowledge about the concepts and terminology of corporate governance theory and how these concepts relate to each other.
    • Have an understanding about the role of the board of directors, accounting and management control in corporate governance.
    • Be familiar with new thinking and research in the field of study. More specifically, the student should have basic knowledge of the results and methods used in corporate governance research.

     

    Skills

    • Be able to analyze differences in corporate governance between various national and organizational settings.
    • Be able to communicate important concepts, theories and problems in writing and presentation, as well as through other relevant forms of communication.

     

    General competence

    • Have acquired a knowledge of and the ability to reflect upon and take into consideration issues relating to the governance of corporations.

  • Teaching

    Teaching

    Lectures, cases, and one larger term paper

  • Credit reduction due to overlap

    Credit reduction due to overlap

    Overlap with VOA028

  • Assessment

    Assessment

    • Three-hour written school exam.
    • Term paper (individual or in groups of maximum three students).
    • Written exam accounts for 60% of final grade.
    • Term paper accounts for 40% of final grade.
    • Both parts must be taken in the same semester.

  • Grading Scale

    Grading Scale

    Grading scale A - F.

  • Computer tools

    Computer tools

     

  • Semester

    Semester

    Høst

  • Literature

    Literature

    Mallin, C. (2016), "Corporate Governance", 5th edition, + articles and other material available on Itslearning.

Overview

ECTS Credits
7.5
Teaching language
English
Semester
Autumn

Course responsible

Daniel Johanson, Department of Accounting, Auditing and Law.