This course is an advanced course which emphasizes the role of both good and bad governance in the corporate success and in the society The course underlines the major problems of corporate governance with principle-agency, principal-principal and stewardship approaches and how institutions of corporate governance are solutions for these problems, but sometimes these solutions are seeds for new problems. The course aligns theoretical thinking with empirical and practical solutions within the field of corporate governance. The course offers the diversity of solutions and helps to understand the country- and company specific practices of corporate governance.

After completing this class the student will have the ability to:

• use the concepts of corporate governance in every day thinking;
• understand the role of good governance in the corporate success;
• understand the relationship between the company management, board of directors and shareholders;
• understand the reasons for the variety in corporate governance practices both within one country and between countries and the recent trend of convergence in corporate governance practices;
• understand the theoretical basis of the Board of Directors, Investor Relations, Executive Compensation, Internal Control and risk management, corporate governance regulation, and various roles of owners in corporate governance, and the logic how they work;
• understand how corporate governance bundles are constructed;
• evaluate the quality of corporate governance practices.

Furthermore, after completing this class the student will have the ability to:

• work independently writing analytical essays based on given material and apply it empirically;
• work effectively in a team in order to contribute appropriately to the production of a group output, report and presentation;
• participate in class-room, kgroup and one-to-one discussion.

Besides, after completing this class the student will have the ability to:

• use scientific argumentation skills in the discussions;
• write a short research report based on academic papers and empirical material.

You are allowed to be absent in one session. Otherwise absence accepted only in case of illness or accident.

Classroom work including interactive lectures by Seppo, probably some mini cases and finally presentations by students.
Diary where individual company is analyzed based pre-readings. Each student selects (one publicly quoted) company for detailed analysis in the diaries.
During the lectures, we will use students’ companies as illustrative cases on the discussed topic. With these case companies, students bring practice into the lectures.
Students’ reports and presentations offer an opportunity to go deeper in specific topics.

During the course you may achieve 100  points comprising of following elements:

• max 25 points  learning diaries
• max 15 points  presentation
• max 20 points  report
• max 40 points  final written exam

Opportunity for upgrade based on classroom activities.

• Positive completion of each of the four courses of the subject "Basics Finance, Accounting and Taxation".
• Positive completion of at least six courses of the subject "Advanced Finance, Accounting and Taxation".
• Pre-allocation to elective.v

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• Financial statement analysis
• Corporate finance
• Valuation

Via email whenever you need: seppo.ikaheimo@aalto.fi

Accroding to agreement.