European Corporate Governance (in English) [ LLSMS2018 ]

http://moodleucl.uclouvain.be/claroline/course/index.php?cid=LSMS2018

The main themes adressed are : - The different corporate governance frameworks and mechanisms - the distinctive feautures of the European governance systems in comparison with other systems - Europe's practices, codes and models of corporate governance

At the end of the class, students should have sufficient knowledge to understand the different existing types of corporate governance systems in Europe. They should also be able to have a critical understanding of what are the stakes in matters such as enforcing laws or codes, the impact of corporate governance on the firm's financial and non financial reporting , as well as in matters of audit and control.

Having regard to the LO of the programme X, this activity contributes to the development and acquisition of the following LO :

1. Corporate citizenship
1.1. 'Demonstrate independent reasoning, look critically  '
1.2.Decide and act by incorporating ethical and humanistic values ,'
1.3. Decide and act responsibly '
2. Knowledge and reasoning
2.1. Master  the core knowledge  of each  area  of management.
2.4. Activate and apply the acquired knowledge  '
3. A scientific and systematif approach
3.2. Collect, select  and  analyze  relevant  information   '
3.3.Consider  problems using  a  systemic and  holistic  approach  '
3.5.Produce, through  analysis  and  diagnosis, implementable solutions'
4.4.Reflect  on  and  improve  .... professional practices.
5. Work effectively in an international and multicultural environment
5.1.Understand the  inner  workings  of an  organization '
5.2.Position ... the functioning  of an organization, in its ...socio-economic dimensions'
5.3.Understand and  establish their own role and  scope for action '
6. Teamwork and leadership
6.1. Work in a team...

The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.

Class participation and oral examination, in English

Methods
In-class activities
- Lectures

At home activities
- Readings to prepare the lecture
- Paper work
- Students presentation

Part I: Corporate governance models

• Corporate governance definition
• Agency  theory versus stakeholder theory
• External and internal factors influencing Corporate Governance  
• Anglosaxon model and  european continental model of Corporate Governance  

Part II The Board of Directors

• the organs of the firm
• the board of directors within the codes and laws: structure,'

Part III: the role of institutional investors

• institutional investor's activism
• voting practices of institutional investors

Part IV The role of transparency

• Communication and Corporate Governance
• Internal control and Corporate Governance
• Auditing and Corporate Governance

Provided during the class

Internationalisation

• international content
• international case study

Corporate features

• case study
• corporate guest