EPN

ØABED4400 Corporate Governance Course description

Course name in Norwegian
Eierstyring og selskapsledelse
Study programme
Masterstudium i økonomi og administrasjon / Oslo Business School, Exchange Programme
Weight
10.0 ECTS
Year of study
2019/2020
Curriculum
FALL 2019
Schedule
Course history

Introduction

The course builds on the insight that a company's management does not necessarily satisfy the objectives of investors and credit providers. Incentives and controls systems are important means of eliminating goal conflicts. Agency models (adverse selection and moral hazard) are therefore important in the course. Recent research and current articles will play a key role in the course.

Recommended preliminary courses

Applied Statistical Methods, Strategic Human Resource Management and Corporate Finance.

Required preliminary courses

None.

Learning outcomes

Knowledge

The student has

  • in-depth knowledge of how internal and external mechanisms can contribute to increasing value creation by improving corporate governance. (Internal mechanisms deal with such factors as the independence of the board of director and the biggest owner's ownership interest, while external mechanisms include the importance of bank connections, competition in the product market and public regulation)
  • an overview of the most important case areas in and results from empirical research on corporate governance
  • deep insight into financial economics and a critical understanding of relevant techniques, statistical methods and data sources

Skills

The student is capable of

  • applying relevant techniques, statistical methods and data sources in different investigations as an integrated part of theoretical and empirical discussions
  • processing formal models and conducting own investigations by choosing elements that are important in an organisation and management perspective

Content

  • Corporate governance in different financial systems. Control via banks and via acquisitions
  • Legal traditions and corporate governance
  • Duties and regulation of and recommendations for the board of directors
  • The company¿s structure and profitability. Independent board members, diversity in the board of directors, the managing director and the board of directors, the board of directors¿ network, employee representatives
  • Recruitment to the board of directors
  • Board governance models
  • The importance of owners. Dispersed and concentrated ownership

Teaching and learning methods

The course is taught in plenary lectures, and students work on and discuss different assignments in groups and plenary sessions.

Course requirements

Three written assignments must be handed in by set deadlines during the semester. The scope of the assignment (number of pages) varies depending on the nature of the assignment. Approval of the assignments is a condition for taking the exam. If an assignment is not approved, the student will be given one opportunity to submit an improved version. The lecturer will inform students about deadlines for submission.

Assessment

A supervised written four-hour exam is held at the end of the semester.

Students who become ill or fail an exam are entitled to register for a resit/rescheduled exam in the course in accordance with the Regulations relating to Studies and Examinations at OsloMet.

Permitted exam materials and equipment

Calculator (see separate regulations).

The lecturer's lecture notes (topics specified by the lecturer).

Grading scale

A grade scale with grades from A to E for pass and F for fail is used.

Examiners

  An external examiner will grade the exam papers together with an internal examiner.