M-VB-2 Corporate Governance & Compliance
Learning Outcomes:
After successful completion of the module, students will be able
- to describe the topic of corporate governance and apply it as a regulatory framework for the governance and supervision of companies, which significantly influences the decision-making processes in the company,
- to identify the fundamental conflicts between economic and ethical actions at both the individual and corporate decision-making levels,
- to explain different models and stakeholders of corporate governance and to correctly assess their dependence on social, regulatory and cultural conditions,
- to distinguish the complex coherences in today’s issues of the actions of companies in the areas of corporate values, compliance and risk, sustainability, diversity and social responsibility,
- to identify current problems in the actions of companies in view of corporate governance-related concepts and to analyze them in a solution-oriented manner, and
- to develop potential solutions for concrete examples based on the discussed theoretical constructs and approaches, and to present and evaluate them in an argumentative manner.
Course contents:
1. Development of corporate governance
- Historical development
- Overview of content
2. Theories of corporate governance
- Agency Theory
- Transaction Cost Theory
- Stewardship Theory
- Resource Dependancy Theory
3. Regulatory models for corporate governance
- US model
- UK model
- Japanese model
- German model (DCGK)
4. Corporate governance protagonists and partners
- Investors
- Company
- Directors
- Employees
5. Corporate Risk Management
- Legal requirements
- Risk policy and risk principles
- Risk identification, analysis and assessment
- Risk management strategies and methods
- Risk reporting
6. Corporate compliance and corporate values
- Requirements and contents
- Codification, monitoring and sanctioning
- Organizational integration
7. Corporate Social Responsibilty
- Sustainability Management
- Diversity & Gender Management
- Stakeholder engagement
- Reporting