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Syllabus:

Corporate Governance D, 7.5 Credits

Contents

Corporate governance is concerned with the management of interactions between dispersed investors and the reconciliation of possible conflicts of interest between various corporate stakeholders. The literature on corporate governance discusses, among other things, the role and responsibility of owners, the role and responsibility of boards, executive compensation, internal control disclosure of governance arrangements as well as historical explanations to different corporate governance systems. Many countries also have corporate governance codes that public companies can or have to follow. During the course students are given an overview of theories, empirical evidence regulations as well as recent trends related to corporate governance.

Expected learning outcomes

After completing this course, the student should be able to: - describe the purposes of corporate governance - explain and apply theories about the roles of different governance mechanisms in improving the performance of companies - assess the primary roles of different governance bodies within a company, such as, the board of directors, nomination committees and audit committees - locate differences between corporate governance rules in different countries and examine the advantages and disadvantages of different governance rules and why they are changing over time - explain what is meant by internal control and enterprise risk management - use economic theories and empirical studies as tools for an evaluation of corporate governance rules and practices

Required Knowledge

University: Courses in Business Administration (75 ECTS) At Basic level (A-level) and Intermediate level (B-level) a minimum of 60 ECTS in Management, Marketing, Accounting and Finance courses. At the C-level (Bachelor), a minimum 15 ECTS. Language: Proficiency in English equivalent to Swedish upper secondary course English B (IELTS (Academic) with a minimum overall score of 6.5 and no individual score below 5.5. TOEFL PBT (Paper-based Test) with a minimum score of 575 and a minimum TWE score of 4.5). TOEFL iBT (Internet-based Test) with a minimum score of 90 and a minimum score of 20 on the Writing Section)

Form of instruction

Lectures, seminars, written assignments are all utilized in this course. The core topics will be covered by lectures and seminars, in which students are expected to take an active part. Students are required to make written and oral presentations at seminars and during case analyses and to submit assigned tasks.

Examination modes

The following grading system will be used: Pass with distinction (Väl godkänd, Vg, 75% or more), Pass (Godkänd, G, 50% or more) Fail (Underkänd, U, less than 50%). The assessment is based on a written comprehensive examination, the preparation and presentation of written assignments. Examinations may include material from the presentations of guest lecturers, where attendance has been obligatory examination, the completion and presentation of written assignments. In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given on each occasion. In order to pass the course, the student must complete all parts of the examination i.e. reach 50% of the points of each part. To receive the grade pass with distinction, the student must reach at least 75% of the total points on the course. Students who do not pass at the time of the normal written examination will be offered an opportunity to sit a further examination within a month. Beyond that, additional examination opportunities normally arise every academic year, one week prior to the start of the autumn term. When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the director of studies no later than two weeks before the next examination opportunity. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to all written assignments. Lectures are normally not obligatory. However attendance is expected because the lectures are designed to facilitate students towards achieving course specific learning objectives. In addition lectures often provide insightful explanations of, and can supplement and provide contrast to, the course litterateur and other relevant course materials. Student who has passed an examination can not redo the examination to get a higher grading. Grades on the course are awarded when students have passed all examinations and compulsory course elements. Academic credit transfer. Academic credit transfers are according to the University credit transfer regulations.

Other regulations

This is a course at the D-level in a MSc-degree at Umeå University. The course can also be included in study programs in Business Administration at Umeå School of Business.

Literature

The literature list is not available through the web. Please contact the faculty.