CORPORATE GOVERNANCE

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.

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 (40%); - un lavoro di gruppo (50%); - contributo individuale alla discussione in aula (10%).

Criteri per l’assegnazione dell’elaborato finale

Superare l'esame, leggere il documento sulle tesi magistrali e preparare un progetto di 1-2 pagine

Settimana 1

Corporate governance

Settimana 2

creazione di valore per gli azionisti

Settimana 3

creazione di valore per gli stakeholder

Settimana 4

Problemi di agenzia

Settimana 5

I meccanismi di corporate governance

Settimana 6

Strategia, proprietà, governance

Settimana 7

Corporate governance a livello internazionale

Settimana 8

Struttura proprietaria

Settimana 9

Consiglio di amministrazione

Settimana 10

Compenso dei top manager

Settimana 11

Presentazione studenti

Settimana 12

Sintesi