
Explore the meaning of governance and its difference from management, including planning approval, leadership, resource organization, and stakeholder protection to ensure the business is well run.
Explore the history of corporate governance, from early merchants' excesses to 21st-century practices guided by independent directors, audit committees, and OECD guidelines.
Explore the multiple views of corporate governance, including operational, relationship, stakeholders, and financial economics perspectives, and see how governance structures, rights, and decision procedures shape corporate conduct.
Explore the four major theories of corporate governance: agency theory, stewardship theory, transaction costs economics, and stakeholder theory, and their views on board oversight and value maximization.
Illustrate the scope of corporate governance as a system where the board, management, external auditors, shareholders, market intermediaries, and regulators shape decisions for stakeholders.
Explore three corporate governance models: unitary, supervisory board with a management board, and the Indonesian model with board of commissioners and directors, plus their powers and criticisms.
Explore governance types across groups and subsidiaries, group governance and self-governance, family-owned firms, joint ventures and strategic alliances, NGOs and nonprofits, and partnerships and LLPs.
Explore director roles and duties in corporate governance, from duty of trust and duty of care to the chairman's leadership, and review executive, non-executive, independent, nominee, and shadow director types.
the lecture outlines the four basic board functions—strategy formulation, policy making, supervising management, and accountability to shareholders—while explaining how to balance inward and outward focus and CEO delegation.
Examine ownership patterns of listed companies and the rights, activism, and two-way communications that govern relationships between diverse shareholders, including institutional, state-owned, and family owners.
The aim of this course is to help students see the significant impact of corporate governance to the business process, as well as some of the problems with the board and corporate governance today. Corporate governance is primarily concerned with the explicit and implicit contracts between an organization and its stakeholders, for responsibilities and rewards, as well as systems of checks and balances. Corporate governance is extremely important for the healthy growth of a corporation, creating a culture of integrity that sustains it over time. Essentially, it is a tool for strengthening transparency within the organization and working to prevent errors before they happen. When there is proper corporate governance, it indicates that the corporation is well run and stakeholders' interests are also aligned. As a result, it will help the company maintain its competitive edge. Indeed, companies such as Huawei, the NHS, and Unilever have shown the value of, or even necessitated, good corporate governance. At the same time, start-ups need sound corporate governance to succeed. As a matter of fact, corporate governance practices, risks, corporate responsibility, and environmental sustainability are related. Accordingly, recently more focus has been given to questions like “governance” and stakeholders have been paid to business and to all organizational issues.