European Corporate Governance (in English)

llsms2018  2020-2021  Louvain-la-Neuve

European Corporate Governance (in English)
Due to the COVID-19 crisis, the information below is subject to change, in particular that concerning the teaching mode (presential, distance or in a comodal or hybrid format).
5 credits
30.0 h
Q1
Teacher(s)
Cerrada Cristia Karine; Drugmand Serge (compensates Cerrada Cristia Karine); Lambrecht Philippe;
Language
English
Main themes
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
Aims

At the end of this learning unit, the student is able to :

1 During their programme, students of the LSM Master's in management or Master's in Business engineering will have developed the following capabilities'
CORPORATE CITIZENSHIP
  • Decide and act responsibly,  while taking into account the social, economic and environmental sometimes antinomic, outcomes in the short, medium and long term, for the various stakeholders.
KNOWLEDGE AND REASONING
  • Activate and apply the acquired knowledge accordingly to solve a problem.
WORK EFFECTIVELY IN AN INTERNATIONAL AND MULTICULTURAL ENVIRONMENT
  • Position and understand the functioning of an organization, in its local and international socio-economic dimensions and identify the associated strategic issues and operational decisions.
TEAMWORK AND LEADERSHIP
  • Work in a team :Join in and collaborate with team members. Be open and take into consideration the different points of view and ways of thinking, manage differences and conflicts constructively, accept diversity.
COMMUNICATION AND INTERPERSONAL SKILLS
  • Express a clear and structured message, both orally and in writing in their mother tongue, in English and ideally, in a third language, adapted to the audience and using context specific communication standards.
 
Content
  1. Corporate governance: definition and models -
  • Corporate governance definition -
  • Agency theory versus stakeholder theory -
  • External and internal factors influencing Corporate Governance -
  • Anglo-Saxon model and European continental model of Corporate Governance
II. EU Corporate Governance Framework
III. One tier board and two tier board systems -
  • One tier board
  • Two tier board
  • Presentation of the situation in various jurisdiction
IV. Institutional investors -
  • Shareholders vs investors
  • Various types of shareholders
  • Shareholder’s activism -
  • Voting practices of institutional investors
V. Transparency -
  • Communication and Corporate Governance -
  • Internal control and Corporate Governance -
  • Auditing and Corporate Governance
VI. Enron, Parmalat, VW – Lessons to be learned
VII. Ethics, governance and the law – Prevention and prohibition of market abuse
Teaching methods

Due to the COVID-19 crisis, the information in this section is particularly likely to change.

In-class activities -
  • Lectures
At home activities -
  • Readings to prepare the lecture -
  • Paper work -
  • Students presentation
Evaluation methods

Due to the COVID-19 crisis, the information in this section is particularly likely to change.

Continuous evaluation (30%)
  • Type of evaluation: Group work presentation during the semester
  • Written test during the semester
Examination session (60%)
  • Oral in January
For the second session ( for students that failed in january) only the oral exam will be taken into account for the grade.
Other information
Internationalisation
  • international content
  • international case study
Corporate features
  • case study
  • corporate guest
Online resources
http://moodleuclouvain.be/claroline/course/index.php?cid=LSMS2018
Bibliography
Provided during the class
Teaching materials
  • Slides will be posted on the course's moodle.
  • Slides will be posted on the course's moodle.
  • Slides will be posted on the course's moodle.
Faculty or entity
CLSM
Force majeure
Evaluation methods
Continuous evaluation (50%)
  • Type of evaluation: Group work presentation during the semester. The evaluation takes into account  the group work  and the individual presentation
Examination session (50%)
  • Oral in January
For the second session ( for students that failed in january) students will only present the oral exam that will account for 100%.


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Aims
Master [120] in Management
GESM2M
5
Master [120] in Management
GEST2M
5
Advanced Master in European Business and Economic Policy
EBEP2MC
5
Master [120] in European Studies
EURO2M
5