YLAS4130 Corporate Governance (6 cr)

Study level:
Advanced studies
Grading scale:
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2017-2018, 2018-2019, 2019-2020



Meaning and significance of Corporate Governance, Corporate Structure: Introduction to agency theory, Alternative models of corporate governance (e.g. Anglo-American, Continental European model), Stakeholder approach of corporate governance, Risk management & Internal controls, External corporate governance mechanisms, Financial accounting & information asymmetry

Completion methods

Contact teaching course, autumn 1st period. The study methods of the contact teaching course are specified in the study program annually.

Assessment details

Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.

Learning outcomes

On successful completion of the course, students will be able to:
- recognize the key elements of corporate governance and, their significance and interactions
- summarize and contrast various theories of corporate governance, and give examples of practices of corporate governance and corporate culture in different economic setups
- explain how internal control mechanisms (e.g. internal audit, audit committees etc.) function
- explain how external corporate governance mechanisms function
- identify contentious issues of corporate governance, such as executive compensation, minority shareholders and expropriation of the firm value for private use, and assess their implications
- discuss and exemplify regulatory and legal aspects of corporate governance e.g. Sarbanes-Oxley Act, Cadbury report, OECD principles, best governance practices (e.g. NYSE) etc

Study materials

Recommended research articles
Lecture notes and exercises during surgery sessions.


  • Nordberg, D. 2011. Corporate Governance Principles and Issues, 1st Edition, Sage Publications; ISBN: 9781847873330

Completion methods

Method 1

Select all marked parts
Parts of the completion methods

Teaching (6 cr)

Participation in teaching
Grading scale: