UNIVERSITY OF LANGUAGES AND INTERNATIONAL STUDIES

Course Syllabus
DEPARTMENT OF BUSINESS

Course Number and Title: Corporate Governance

Term/Year:

CENTER: ULIS

Required Texts & Learning Materials

Larcker, D., & Tayan, B. (2015). Corporate governance matters: A closer look at
organizational choices and their consequences. Pearson education.

Course Description
The value of a firm depends on good corporate governance practices protecting
investors. Greater protection of shareholders lowers the cost of capital due to better risk
mitigation. Thus, the set of governance practices, rules, and regulations that promote
private sector investment and jobs creation also promote firm value. Topics include the
role and responsibilities of shareholders (principals), the boards of directors (the
principals' representatives), and the executive management (agent). They also include
executive compensation policies, boardroom structure and practices, corporate
disclosure and transparency, and the value of the shareholder vote.

Learning Objectives
The primary goal of this course is to give students a basic understanding of corporate
governance related problems of business. At the conclusion of this course, each student
should be able to demonstrate:

1. The global best practice knowledge in corporate governance environment, the

corporate forms, legal, and regulatory frameworks necessary to perform the
duties of the board in protecting the rights of the shareholders.
2. The causes and consequences of agency problems due to inherent conflicts of
interest between shareholders, the board of directors, and the executive.
3. The relationship between corporate governance, corporate finance, investments
and shareholder wealth maximization.

Assignments

Assignment Weight
Midterm: Quiz 20%
Presentation 20%
Final test and assignment 60%
Total 100%
Class Schedule

Week Content Reading Note

1 Introduction to Corporate Chapter 1: Corporate governance
Governance
2 International Corporate Chapter 2: International Corporate
Governance Governance
3 Board of Directors: Duties Chapter 3: Board of Directors: Duties and
and Liability; Selection, Liability
Compensation, and Chapter 4: Board of Directors: Selection,
Removal; Structure and Compensation, and Removal
Consequences Chapter 5: Board of Directors: Structure and
Consequences
4 Strategy, Performance Chapter 6: Strategy, Performance
Measurement, and Risk Measurement, and Risk Management
Management
5 Executive Compensation Chapter 8: Executive Compensation and
and Incentives Incentives
Chapter 9: Executive Compensation and
Incentives
6 Revision
7 Midterm test
8 Financial Reporting and Chapter 10: Financial Reporting and
External Audit External Audit
9 Financial Reporting and Chapter 10: Financial Reporting and
External Audit (cont.) External Audit
10 Institutional Shareholders Chapter 12: Institutional Shareholders and
and Activist Investors Activist Investors
11 Alternative Models of Chapter 14: Alternative Models of (Optional)
Governance Governance
12 Revision and Presentation
instructions
13 Presentation
14 Presentation
15 Final quiz and final
assignment