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2016/2017  KAN-CCMVV2013U  Strategic compliance

English Title
Strategic compliance

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 80
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Mogens Kühn Pedersen - Department of Operations Management (OM)
Mogens Kühn Pedersen, Professor, CBS
Main academic disciplines
  • Finance
  • Strategy
  • Economics
Last updated on 07-04-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: The student is expected to obtain the following qualifications
  • Knowledge of strategic compliance issues
  • Understand and explain why strategic compliance emerges in new business models
  • Analyse risk and opportunities of strategic compliance in specific cases and industries
  • Suggest and evaluate measures of value of common pool resources in business platforms
  • Explain principles of governance of strategic compliance in corporate management
  • Understand and explain strategic compliance related to financial institutions
  • Evaluate strategic compliance in context of business value, risks and governance
  • Discuss key concepts, models and theories on corporate compliance and regulation
  • Discuss developments in strategic compliance in business, industry and government
  • Discuss strategic compliance in a global context, including the context of EU
Course prerequisites
We cover a range of disciplines as there are more to strategic compliance than a new business idea. A solid foundation in either regulation and regulatory frameworks, legal studies, market analyses, managerial economics, managerial accounting, auditing, institutional economics, strategy, supply chain management, business informatics, computer science, organisation and management are all welcome because they each has a contribution to explanation of aspects of radical business development and strategic compliance developments.
Examination
Strategic Compliance:
Exam ECTS 7,5
Examination form Oral exam based on written product

In order to participate in the oral exam, the written product must be handed in before the oral exam; by the set deadline. The grade is based on an overall assessment of the written product and the individual oral performance.
Individual or group exam Oral group exam based on written group product
Number of people in the group 2-4
Size of written product Max. 10 pages
Definition of number of pages:
Groups of
2 students 5 pages max.
3-4 students 10 pages max

Students who wish to have an individual exam might be able to write a term paper in the course. Please see the cand.merc. rules for term papers for more information.
Assignment type Synopsis
Duration
Written product to be submitted on specified date and time.
15 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period Winter and Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Re-take exam is to be based on the same report as the ordinary exam:

* if a student is absent from the oral exam due to documented illness but has handed in the written group product she/he does not have to submit a new product for the re-take.

* if a whole group fails the oral exam they must hand in a revised product for the re-take.

* if one student in the group fails the oral exam the course coordinator chooses whether the student will have the oral exam on the basis of the same product or if he/she has to hand in a revised product for the re- take.
Course content and structure

Strategic Compliance is in this elective perceived as a management task on strategic, tactical and operational levels, including measures and regulations that are required of governments, customers, partners and suppliers, etc. to enable and enhance a digital business. Strategic compliance is still unfolding, both within Business and Research. Therefore, the specific boundaries of strategic compliance is still being explored globally.

However, strategic compliance is to be found (mostly) in the way digitalisation complements today’s new business models and supersede present logic of regulations, markets and competition. Strategic compliance based upon advanced digital business models are unfolding along with the Digital Single Market emerging in Europe.

Compliance is taken into a strategic perspective of the Board of Directors asking for a collaboration between business innovation, finance, legal and strategy. Compliance has often been regarded in association with risk management. This course addresses new business models introducing compliance besides transactional compliance, including shared data and processes between businesses and with governments. Further, new regulations emerge in consideration of opportunities and risks to both business and society presented by digital business.

 

The aim is to provide students with a sound knowledge of compliance within key industries such as e.g. the financial sector. The course takes a multidisciplinary approach by combining different methodologies, including strategic management and digitalisation, law, financial regulation as well as financial reporting.

 

Through this Elective, we want to empower cand.merc. candidates from CBS to become capable of developing and exploiting new business models where understanding and applying strategic compliance is a premise for success as leaders, specialists, consultants or researchers.
Teaching methods
From the very start, we take up cases of strategic compliance as we want to illustrate the decisive impact of compliance operating “behind the scene” in the radical disruptive cases of new business models.

We also want to engage the students in challenging the explanations of successes and failures of new business disruptions and thus contribute to the field of strategic compliance. We want to develop further what is the core of the strategic compliance field.
Student workload
Teaching 25 hours
Preparation for class 100 hours
Exam preparation and synopsis 81 hours
Further Information

Primary disciplines
- Corporate compliance

- Strategic management

- Business informatics

- Financial regulation

- Financial accounting
Expected literature

Baldwin, Robert, Martin Cave & Martin Lodge (2012) Understanding Regulation. 2nd edt. Oxford U.P.

 

Christoffersen, Jeppe  Plenborg, Thomas & Robson, Matthew J. (2014) Measures of strategic alliance performance, classified and assessed. International Business Review, June 2014, Vol.23(3), pp.479-489

 

Gawer A (2014) Bridging differing perspectives on technological platforms: Toward an integrative framework. Research Policy (43:7)1239-1249.

 

Haraszuk, Anni (2013b) The Audit Committee in organizational perspective with special focus on risk management. Revision og Regnskabsvæsen, 04/2013.

 

Haraszuk, Anni (2013a) How Audit Committees act in practice and create value. Revision & Regnskabs-væsen, 03/2013.

 

Oded, Sharon (2013) Corporate Compliance: new approach to regulatory enforcement.  Edward Elgar Publishing, Ltd. 

 

Pedersen, M. Kühn (2015) Strategic compliance – an introduction. Revision & Regnskabsvæsen, no 11/2015, p 54 – 61.

 

Pedersen, M. Kühn, R.U. Pedersen (2015) The digital nexus. CBS Working Paper.

 

Teece, D. J. (1986) Profiting from technological innovation: implications for integration, collaboration, licensing and public policy. Research Policy 15, 285–305. 

 

Parker G, Van Alstyne M (2005) Two-sided network effects: A theory of information product design. Management Science (51:10)1494–1504.

 

Parker, G. Van Alstyne M (2014) Platform Strategy. In the Palgrave Encyclopedia of Strategic Management. M. Augier and D. Teece (eds.). http://www.palgraveconnect.com/esm/doifinder/10.1057/9781137294678.0794.

 

 

 

Petersen, Christian V.  & Thomas Plenborg (2012) Financial Statement Analysis, valuation – credit analysis – executive compensation. FT Prentice Hall.

 

Porter, Michael E. & James E. Heppelmann (2014) How Smart, Connected Products Are Transforming Competition. Harvard Business Review, November, 65-88.

 

Savin, Andrej (2014) EU ePrivacy directive: Assessment of Transposition, Effectiveness and Compatibility with Proposed Data Protection Regulation. (2015) Bruxelles: European Commission 2015, 39 pp.

 

Savin, Andrej (2014) E-Commerce in the Single Market Context : The Invisible Framework (2014)

In: Research Handbook on EU Internet Law. red. /Andrej Savin; Jan Trzaskowski. Cheltenham : Edward Elgar Publishing, Incorporated 2014, 285-311 (Research Handbooks in European Law series).

 

Sherman, H. David (2014) Global issues in Shareholding Reporting through 2020. Four emerging challenges for the accounting profession. Revision & Regnskabsvæsen, no 11/2014, p 16 – 27.

 

Additional articles and cases to be included.

 

 

 
Last updated on 07-04-2016