Delivered at:: School of Finance

Course type:: Elective course

When:: 2 year, 3 module

Abstract

The course on corporate governance provides a comprehensive overview of key concepts and practices in the field. Students will delve into the fundamentals, beginning with an introduction to governance and the agency problem. The course then explores the role of the Board in risk management and corporate performance, compares governance models across different countries, highlighting their similarities and differences. Special attention is given to the peculiarities of Russian corporate governance. Moreover, the course examines the historical development of corporate governance crises, tracing them from the Great Depression to the challenges faced in the 2020s. Students will also explore the stakeholder theory of corporate governance and learn about the modern requirements for effective governance. The course concludes with an analysis of corporate governance through the lens of corporate reporting, emphasizing the importance of transparency and accountability. Each lecture contains theoretical descriptions as well as practical cases that are analysed together with the students. The course tasks deepen the work with the cases allowing students to gain a holistic perspective on corporate governance practices across different countries. By the end of this course, students will have a solid understanding of corporate governance principles and their practical application in today's business landscape.The level of the course suggests that the student has the basic knowledge of economics (microeconomics and macroeconomics), enterprise (management/ corporate law or alike) and statistics before joining the course. Absence of this knowledge is not a limiting point, but will increase the number of hours for learning the course.

Learning Objectives

Forming a comprehensive understanding of corporate governance in defferent contexts and time-frames with particular description of the components of the corporate governance
Developing the ability of the students to critically evaluate the level of corporate governance in companies and prospects for further development.

Expected Learning Outcomes

The student is able to identify key elements of corporate governance, describe board characteristics, distinguish between the contexts of private and public companies, recognizing differences in corporate governance across different countries and identifying best practices.
The student is capable of describing the changes in the definition of corporate governance and its relevance over the past decades.
The student can evaluate the level of corporate governance in a company using international standards, as well as assess the presence of sustainable corporate governance elements.
The student is capable of making predictions regarding the development of corporate governance in Russia and formulating hypotheses for further research.

Course Contents

Theoretical Framework of Corporate Governance
Different Contexts of Corporate Covernance
Corporate Governance Standards and Practices
Corporate Governance in Gifferent Gountries
Corporate Governance in China and Russia
Corporate Governance in the Context of Modern Challenges

Assessment Elements

Task 1
Task 2 (Exam task)
Participation
Participation in the tasks in class.

Interim Assessment

2023/2024 3rd module
0.2 * Participation + 0.3 * Task 1 + 0.5 * Task 2 (Exam task)

Bibliography

Recommended Core Bibliography

Andrea CardoniEvgeniia Kiseleva (2023) Sustainable Governance : Concept, Metrics and Contexts 9783031374913,9783031374920
Claessens, S., & Yurtoglu, B. B. (2013). Corporate governance in emerging markets: A survey. Emerging Markets Review, (C), 1. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.eee.ememar.v15y2013icp1.33
Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. https://doi.org/10.1111/j.1540-6261.1997.tb04820.x

Recommended Additional Bibliography

Corporate governance, Kim, K. A., 2010
Corporate governance, Monks, R. A. G., 2008

Authors

KISELEVA EVGENIYA VLADIMIROVNA

Master’s Programme 'Strategic Corporate Finance'

Corporate Governance

Course Syllabus