Corporate Management(GE 752)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| GE 752 | Corporate Management | 2 | 3 | 0 | 0 | 3 | 6 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | Turkish |
| Course Type | Elective |
| Course Level | Doctoral Degree |
| Course Instructor(s) | Bengi ERTUNA bengie@boun.edu.tr (Email) |
| Assistant | |
| Objective | The aim of this course is to introduce the students to the theoretical foundations and application issues of corporate governance. Financial perspective will be used in analyzing the models and mechanisms of corporate governance. The interaction between the companies and their board of directors, top management, shareholders and other stakeholders will be analyzed using case studies on corporate governance practices and cases from recent developments. |
| Content |
Week 1: Definition of corporate governance, its history and main issues; theoretical foundations of corporate governance Week 2: Corporate governance models, globalization, international differences and potential for convergence Week 3: Corporate governance model in Turkey and in other emerging markets Week 4: Codes of governance and its principles; best practices, Corporate Governance Principles of OECD and Capital Market Board of Turkey Week 5: Codes of governance and its principles; best practices, Corporate Governance Principles of OECD and Capital Market Board of Turkey Week 6 : Stock market initiatives to improve corporate governance Week 7: Corporate governance at the firm level and the relationship between corporate governance and firm performance Week 8: Ownership structure, rights and responsibilities of the shareholders, separation of ownership and management, conflicts of interests between shareholders and managers; concentrated ownership structure, conflicts of interests between controlling shareholders and minority shareholders; family firms, institutional investors Week 9: Transparency and disclosure, disclosure requirements, mandatory and voluntary disclosures, the role of accounting and auditing Week 10: Other stakeholders, rights and responsibilities of stakeholder groups; corporate social responsibility Week 11: Board of directors, composition of the board, qualitications and criteria for selection of directors, duties of the board, impact of board characteristics on performance Week 12: Importance and unique aspects of corporate governance in banking Week 13: Corporate governance scandals and issues arising from these scandals |
| Course Learning Outcomes |
1.To understand the theoretical foundations, models and mechanisms of corporate governance 2. To identify issues of corporate governance with respect to boards of directors, top management teams, shareholders and other stakeholders 3. To understand the link between institutional environment and corporate governance characteristics 4. To critically question the issue of convergence of corporate governance practices 5. To evaluate the governance practices of companies according to the relevant code in a given context. |
| Teaching and Learning Methods | |
| References |
Bainsbridge, S.M. (2008). The New Corporate Governance in Theory and Practice, Oxford University Press. Macey, J.R. (2008). Corporate Governance: Promises Kept, Promises Broken, Princeton University Press. |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Definition of corporate governance, its history and main issues; theoretical foundations of corporate governance |
| 2 | Corporate governance models, globalization, international differences and potential for convergence |
| 3 | Corporate governance model in Turkey and in other emerging markets |
| 4 | Codes of governance and its principles; best practices, Corporate Governance Principles of OECD and Capital Market Board of Turkey |
| 5 | Codes of governance and its principles; best practices, Corporate Governance Principles of OECD and Capital Market Board of Turkey |
| 6 | Stock market initiatives to improve corporate governance |
| 7 | Corporate governance at the firm level and the relationship between corporate governance and firm performance |
| 8 | Ownership structure, rights and responsibilities of the shareholders, separation of ownership and management, conflicts of interests between shareholders and managers; concentrated ownership structure, conflicts of interests between controlling shareholders and minority shareholders; family firms, institutional investors |
| 9 | Transparency and disclosure, disclosure requirements, mandatory and voluntary disclosures, the role of accounting and auditing |
| 10 | Other stakeholders, rights and responsibilities of stakeholder groups; corporate social responsibility |
| 11 | Board of directors, composition of the board, qualitications and criteria for selection of directors, duties of the board, impact of board characteristics on performance |
| 12 | Importance and unique aspects of corporate governance in banking |
| 13 | Corporate governance scandals and issues arising from these scandals |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 8 | 60 |
| Contribution of final exam to overall grade | 1 | 40 |
| Toplam | 9 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 5 | 25 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 20 |
| Project | 1 | 10 |
| Laboratory | 0 | 0 |
| Other Applications | 1 | 5 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Toplam | 8 | 60 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Upon successful completion of the course the student should be able to understand the fundamentals and the development of scientific thought. | |||||
| 2 | Upon successful completion of the course the student should be able to analyze and interpret existing theoretical approaches, and to achieve a new synthesis. | |||||
| 3 | Upon successful completion of the course the student should be able to develop expertise in the field through information and experience from different sectors, such as production, marketing, management, accounting and finance. | |||||
| 4 | Upon successful completion of the course the student should be able to have a critical mind and to preserve intellectual independence. | |||||
| 5 | Upon successful completion of the course the student should be able to combine both advanced level and up to date theoretical and practical knowledge in his/her work. | |||||
| 6 | Upon successful completion of the course the student should be able to produce original scientific research. | |||||
| 7 | Upon successful completion of the course the student should be able to use qualitative and quantitative research methods expertly. | |||||
| 8 | Upon successful completion of the course the student should be able to innovate scientific methods by developing new ones or by applying known scientific methods to new areas. | |||||
| 9 | Upon successful completion of the course the student should be able to publish and present own work at reputable international conferences and in indexed journals. | |||||
| 10 | Upon successful completion of the course the student should be able to collaborate for research and education purposes with experts from different nationalities and disciplines. | |||||
| 11 | Upon successful completion of the course the student should be able to demonstrate sensitivity to the problems between society and the business community, and be proactive in the understanding, investigating and solving of these issues. | |||||
| 12 | Upon successful completion of the course the student should be able to regard the scientific ethics with uppermost importance while pursuing their future work. | |||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Total Workload | 0 | ||
| Total Workload / 25 | 0,00 | ||
| Credits ECTS | 0 | ||