CORPORATE GOVERNANCE

Alessandro Zattoni, Enzo De Angelis

Obiettivi formativi

Gli studenti che frequentano il corso possono apprendere modelli e teorie che consentono loro di: - comprendere i diversi modelli di corporate governance; - analizzare i meccanismi di corporate governance di una specifica impresa; - progettare meccanismi di corporate governance.

Prerequisiti

Conoscenze base di management, contabilità, diritto societario, finanza.

Risultati di apprendimento attesi

Knowledge and understanding. The course will present theoretical frameworks and best practices to analyze corporate governance. Students should be able to understand the key corporate governance theories and topics presented during the course. Applying knowledge and understanding. Being exposed to different active learning teaching methods (e.g., incidents, cases, project works, videos), students will learn how: (i) to analyze the corporate governance practices of specific companies; (ii) to assess if and how these practices may address agency problems and foster value creation; (iii) to advance proposals aimed at improving the corporate governance of specific companies. Making judgements. The use of active teaching methods will encourage students to collect and analyze data on corporate governance practices, so to assess their consequences on agency problems and value creation. Students will be also asked to present and explain their position on corporate governance practices of specific companies. Communications Skills. Thanks to lectures in class and reading the textbook at home, students will learn key concepts, theoretical frameworks and topics related to corporate governance. Moreover, during highly interactive sessions (e.g., incident, cases, videos, presentation of project work) they will present their position and defend it in front of the class. Learning skills. The several teaching methods employed will allow students to develop a customized (i.e., “one size does not fit all”) approach in the analysis of the corporate governance practices. Thanks to high interactions in class, students will mature a critical assessment of their understanding of key concepts, theoretical frameworks and practices related to corporate governance.

Contenuti Del Corso

Corporate governance, corporate governance internazionale, consiglio di amministrazione, controlli interni ed esterni, investitori istituzionali, proxy advisors, executive compensation, corporate social responsibility, corporate governance e performance.

Testi Di Riferimento

Zattoni, A. (2020) Corporate governance. Bocconi University Press, Milano. Additional cases and presentations may be downloaded from LUISS Learn.

Metodologie Didattiche

Lezioni frontali, discussione casi, guest speaker, lavori di gruppo.

Modalità di verifica dell'apprendimento

Il voto finale è il risultato di: - un esame scritto (50%); - un lavoro di gruppo (30%); - contributo individuale alla discussione in aula (20%).

Criteri per l’assegnazione dell’elaborato finale

Superare l'esame

Il syllabus affronta temi collegati alla sostenibilità?

Settimana 1

Corporate governance

Settimana 2

Shareholder value

Settimana 3

Stakeholder value

Settimana 4

Agency problems

Settimana 5

Corporate governance mechanisms

Settimana 6

Strategy, ownership and governance

Settimana 7

Comparative corporate governance

Settimana 8

Ownership structure

Settimana 9

Board of directors

Settimana 10

Executive compensation

Settimana 11

Students' presentation

Settimana 12

Wrap up