YLAS4130 Corporate Governance (6 cr)

Study level:
Advanced studies
Grading scale:
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2020-2021, 2021-2022, 2022-2023


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

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

Compulsory prerequisites

Recommended prerequisites

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

Evaluation criteria:
A written examination at the end of the term (50% weight). Two individual submissions of coursework (each carry 25% weight)
Select all marked parts
Parts of the completion methods

Teaching (6 cr)

Participation in teaching
Grading scale: