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2015/2016  KAN-CCMVI2040U  Governance and Risk Management

English Title
Governance and Risk Management

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 100
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Course instructor - Sunti Tirapat, Ph.D. Associate Professor, Chulalongkorn University. sunti@cbs.chula.ac.th
    Sven Bislev - Department of Intercultural Communication and Management (ICM)
Main academic disciplines
  • Corporate governance
Last updated on 12-05-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • 1. To understand the basic issues of corporate governance and financial risk management.
  • 2. To broaden students perspective on financial risk management and derivative pricing.
  • 3. To be able to apply these two integral important concepts into practices using the case studies.
Course prerequisites
Corporate finance
Examination
Governance and Risk Management:
Exam ECTS 7,5
Examination form Written sit-in exam
Individual or group exam Individual
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Summer, Ordinary exam 1-5 August 2016
Retake exam will take place within two months from the ordinary exam.
Aids allowed to bring to the exam Closed Book: no aids
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Retake exam is the same exam form as the ordinary exam, with a new exam question.
Course content and structure

The course consists of two main integral parts, corporate governance and basic financial risk management. The first part provides an essential review of governance issues and their evidence. The later discusses the basic concept and some important tools of risk management. Finally, various case studies are used to illustrate these ideas. 

 

Class 1: Overview of corporate governance and risk management                         

Class 2: Evidence of governance issues

Class 3: Review of basic tools (Option pricing and other derivatives)

Class 4: Case study: Satyam and Berkshire Hathaway

Class 5: How to measure market risk 

Class 6: Case study: Symantec
              How to measure credit risk I 

feedback activity: 

Class 7: How to measure credit risk II

Class 8: Introduction to credit derivatives

Class 9: Case study: Lehman Brothers and MFGlobal

Class 10: Case Study: Goldman Sachs and JPMorgan

Class 11: Conclusion and challenges
Teaching methods
Lecture and case discussions
Student workload
Preliminary assignment 10 hours
Classroom attendance 33 hours
Preparation 144 hours
Feedback activity 7 hours
Examination 12 hours
Further Information

 

Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 1 in order to 'jump-start' the learning process.

 

Feedback Activity: A feedback activitity defined by the course instructor will take place app. half-way through the course. 
 

 

The timetable is available on  http://www.cbs.dk/files/cbs.dk/isup_timetable_2016_updated.pdf
Expected literature

Students are required to access the following cases from Harvard Business School Press https://cb.hbsp.harvard.edu/

 

1. Symantec Corporation Convertible Notes with Call Spread

 

2. MF Global: Where's the Money?

Clayton Rose; Pamela Chan; Raghav Chopra

 

3. MF Global: Changing Stripes

Clayton Rose; Yasmin Dahya; Jenevieve Lee

 

4. JP Morgan: Lessons Learned

Stephen Sapp

 

5. Lehman Brothers: Crisis in Corporate Governance

Randall D. Harris

 

6. Goldman Sachs and the Big Short: Time to Go Long?

Randall D. Harris

 

7. Symantec Corporation Convertible Notes With Call Spread

Walid Busaba; Zeigham Khokher; Guorong Yang

 

8. Governance Failure at Satyam

Ajai Gaur; Nisha Kohli

 

The following case can be downloaded from Stanford Graduate School of Business https://www.gsb.stanford.edu/faculty-research/case-studies/management-berkshire-hathaway

 

The Management of Berkshire Hathaway

ByDavid Larcker, Brian Tayan

2009|Case No.CG16
Last updated on 12-05-2016