This course studies critical issues in corporate governance. It starts by defining corporate governance and looking at how different governance systems evolved around the globe. Special emphasis will be on corporate governance systems in the U.S. and Germany. We will analyze how new regulations (Sarbanes-Oxley and Dodd-Frank) emerged as a result of various corporate governance scandals (e.g., Enron). The second part of the course consists of an in-depth analysis of selected internal and external governance mechanisms. Examples are the board of directors and executive compensation contracts. We will also discuss various corporate governance case studies.
The course is on the undergraduate level. It will be based on academic research papers and students will work in teams to prepare their own case study on a particular company.
After participating in this course, students should be able to:
semester 4 or higher
Introductory course in corporate finance and econometrics is strongly recommended.
|Contact hours||Independent study time|
|Lecture||2 SWS||7 SWS|
|Form of assessment||Homework and presentation (20%); Student paper, including classroom presentation (80%)|
|Further information||Registration via Portal2|
Prof. Dr. Alexandra Niessen-Ruenzi
Prof. Alexandra Niessen-Ruenzi
|Duration of module||1 semester|
|Range of application||B.Sc. BWL|
|Preliminary course work||–|
|Program-specific Competency Goals||CG 2, CG 3|
|Literature||Goergen, M. (2012), International Corporate Governance, Pearson, Harlow, Munich.|
Thomsen, S. and M. Conyon (2012), Corporate Governance: Mechanisms and Systems, McGraw-Hill Education, Oxford.
Larcker, D. and B. Tayan (2011), Corporate Governance Matters, Pearson Education, London.
Kim, K.A., Nofsinger, J.R., and D.J. Mohr (2010), Corporate Governance, Pearson Education, London.