International Corporate Governance

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label Diverse autorenew 2025-09-29, 17:00 history_edu Silviu Marinescu
Corporate governance is the whole system of rights, processes and controls established internally and externally over the management of a business entity with the objective of protecting the interests of all stakeholders. Nevertheless, corporate governance systems differ between countries which make them more-or-less country specific frameworks of legal, institutional and cultural factors.

Thus, it follows that the scope of the international corporate governance course is broad. It necessarily embraces the internal and external mechanisms of corporate governance and includes: The foundations of corporate governance, theories of the firm, the economic and legal framework of corporate governance, corporate governance and financial markets, the role of corporationsand its governance in national and the global economy, implications of the financial crisis on corporate governance and its importance, internal and external corporate governance mechanisms, corporate governance codes and best practices, internal and external stakeholders, corporate governance and value creation, structures and bodies, board composition, required competencies of board members, evaluation of corporate governance.

Period
03-07-2013 - 24-07-2013 (3 weeks)

Target group
Master students

Course aim
The recent financial crisis has led to a loss of trust in the quality of corporate governance and the balance of the financial markets all over the world. The economic crisis that erupted in 2007/2008 and since deepened has revealed severe shortcomings in corporate governance arrangements. Alan Greenspan, Chairman of the Federal Reserve of the United States from 1987 to 2006, stated: I made the mistake in presuming that the self-interests of organizations, specifically banks and others, were such that they were best capable of protecting their own shareholders and the equity of the firm (Greenspan, 2008).



A tremendous loss of trust in corporate governance quality since then has put pressure not only on the financial sector but also on policy makers to change the rules of the game. Therefore, politics and academics in many countries are still in search of the holy grail of good corporate governance to avoid such problems in the future. This course aims to provide students with knowledge on state of the art research and practice in international corporate governance.

Students learn how to use scientific methods and discuss and solve current problems in this field and explore the latest state of the art research and practice in international corporate governance. Therefore they work in interactive teams and prepare solutions after evaluating and discussing case studies. The goal of the lecture is that students work on case studies to enhance their managerial techniques. Soft skills are needed to discuss and develop best solutions in teamwork situations.

Credits
5.0 ECTS credits

Course fee
EUR 0: Students on a bilateral exchange programme do not have to pay. Freemovers are obliged to pay participation fees while tuition fees only apply to freemovers from countries outside the EU/EEA/Switzerland.

Course leader
Prof. Dr. Markus Stiglbauer

Aarhus University International Centre
Address: Hoeg Guldbergs Gade 4, building 1650 Aarhus C
Postal code: 8000
City: Aarhus
Country: Denmark
Website: http://www.au.dk/summeruniversity
E-mail: SummerUniversity@adm.au.dk
Phone: +45 8942 2320