YLAS4130 Corporate Governance (6 cr)
Study level:
Advanced studies
Grading scale:
0-5
Language:
English
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2024-2025, 2025-2026, 2026-2027, 2027-2028
Description
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
- 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
Description of prerequisites
Mandatory YLAA2120 Management Control (Talousjohtaminen), preferable KAOA1150 Company Law (Yhtiöoikeus).
Compulsory prerequisites
- Prerequisite group 1
Recommended prerequisites
- Prerequisite group 1
Study materials
Recommended research articles
Lecture notes and exercises during surgery sessions.
Lecture notes and exercises during surgery sessions.
Literature
- Nordberg, D. 2011. Corporate Governance Principles and Issues, 1st Edition, Sage Publications; ISBN: 9781847873330
Completion methods
Method 1
Description:
Lectures, exam, group project, assignments and quizzes.
Evaluation criteria:
A written examination at the end of the term (50% weight). Two individual submissions of coursework (each carry 25% weight)
Time of teaching:
Period 1
Select all marked parts
Parts of the completion methods
x
Teaching (6 cr)
Type:
Participation in teaching
Grading scale:
0-5
Language:
English