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2021/2022  KAN-CCMVI2107U  Corporate Governance

English Title
Corporate Governance

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 60
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Nikolaos Kavadis - Department of Accounting (AA)
  • Steen Thomsen - Department of Accounting (AA)
For academic questions related to the course, please contact course responsible Nikolaos Kavadis (nk.ccg@cbs.dk) or Steen Thomsen (st.ccg@cbs.dk).
Main academic disciplines
  • Corporate governance
  • International political economy
  • Management
Teaching methods
  • Face-to-face teaching
Last updated on 01/12/2021

Relevant links

Learning objectives
By the end of the course, students should be able to
(1) Understand the business environment, in terms of corporate governance norms, rules, and ownership structures in different countries, in which managers are operating, as well as to identify relevant parameters (and subsequent challenges and opportunities), depending on the business environment they are in.
(2) Assess the relative importance of different economic actors (e.g., different types of blockholders and other investors, activists, governments) and how they may affect managerial decision-making in terms of business investments, capital structure, and investments in environmental and social issues.
(3) Identify and analyze corporate governance (agency) problems, as well as knowing the tools that may address such problems.
(4) Critically assess the mechanisms used to govern firms, such as incentives for managers, the roles and functioning of the board of directors in different countries, and anticipate possible outcomes, challenges and opportunities in terms of managerial careers, corporate finance, strategy and performance.
Course prerequisites
Completed Bachelor degree or equivalent
Corporate Governance:
Exam ECTS 7.5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
Assignment type Written assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer and Summer
Make-up exam/re-exam
Same examination form as the ordinary exam
The 1st retake is a 72-hour, maximum 10-pages home assignment, new exam question.
The 2nd retake is a 72-hour, maximum 10-pages home assignment, new exam question.
Course content, structure and pedagogical approach

Corporate governance, i.e., the system by which companies are directed and controlled, including in terms of resource allocation, attracts considerable attention for several decades across the world. This interest has intensified by failures of companies, as the cases of Enron, Parmalat, Ahold, or Lehman Brothers have shown, but also by the more recent quest for a more sustainable and inclusive corporate governance. Against this backdrop, the course reviews core corporate governance issues that lay behind such failures and criticisms. It takes a closer look to the theoretical foundations of corporate governance, the actual corporate governance mechanisms that are used in different countries, such as the ways owners and board directors incentivize managers and ensure their accountability, and to evidence regarding the impact of governance for managerial careers, corporate finance, strategy, performance, and social responsibility. 


The course relies on scientific, facts-based knowledge, and aims to enable students to detect patterns and parameters that may affect managerial decision-making as well as understand their likely outcomes. 


Description of the teaching methods
The teaching methods employed are lectures, cases, class discussions and debates, and team assignments.
Feedback during the teaching period
The students will have the possibility to ask for feedback on all assignments throughout the course from the professor.
Student workload
Teaching 30 hours
Examination 3 hours
Preparation 173 hours
Further Information

Short 3 weeks course that cannot be combined with any other course


Preliminary Assignment

The course coordinator uploads Preliminary Assignment on Canvas at the end of May. It is expected that students participate as it will be included in the final exam, but the assignment is without independent assessment & grading.


Course and exam timetable:

Is/will be available on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams
We reserve the right to cancel the course if we do not get enough applications. This will be communicated onhttps://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams in start March.

Expected literature

It will be communicated through Canvas before the start of the course. 

Last updated on 01/12/2021