22 July 2016
on course website
Corporate Governance after the Financial Crisis
Hundreds of billions of dollars in valuation were lost by scandals caused by failing corporate governance, such as at Lehman Brothers, Parmalat and Ahold. These scandals also contributed to a climate in which trust between consumers and companies, between investors and directors, is harmed. This, and the Financial Crisis inspired (semi) self-regulating bodies, governments, the EU and organizations like the OECD to take initiatives to improve corporate governance routines and safeguards. Corporate Governance Codes were altered and Codes for Financial Institutions were drafted to stimulate boards and shareholders to pursue a long-term strategies. The question remains however whether this all will work out and prevent short termism and excessive risk taking and, if not, what else can be done? This central question will be dealt with in the lectures of the course ?Corporate Governance after the Financial Crisis? from both an economic and legal perspective.
Are you interested in Corporate Governance? Do you want to have a good introduction to your Masters in Law or Economics? Sign up for this course and experience this hot topic called ?Corporate Governance? together with other students from different countries.
In the first lecture of day 1 several theories behind corporate governance will be explained. After that the mechanisms of corporate governance (markets, law and regulation, gatekeepers and watchdogs and self-regulation) will be discussed. Furthermore, the students will be instructed on how to write a paper on failure in the corporate governance of a company in their home country.
The theme of day 2 will be risk management and reporting. The first lecture will be about (the requirements for) risk management and the way this has to be accounted for in the annual report. The second day will also discuss sustainability and integrated reporting.
Day 3 will start with a visit to Euronext Amsterdam, the Dutch stock exchange. We will have a look on the trading floor and there is the opportunity to test your skills as a trader in the crowd!
On day 4, the focus will be on supervisory board systems. The first lecture will discuss one tier vs two tier board systems and processes (decision making, related party transactions). The second and third lectures will focus on executive pay.
The second part of day 5, organized together with the Governance University, will be held at a medieval castle in Doorn. There a workshop on boardroom dynamics will be organised by Puck Dinjens and Arthur Hol, program directors of the Governance University. We stay at this medieval castle for lunch and for the presentations. This course will be concluded with the distribution of certificates and a social event.
prof. dr. W.J. Oostwouder (professor of corporate finance law at UU and attorney at law Loyens & loeff NV)
Ambitious bachelor students (from economics, management, business, or law backgrounds) who are keen to know more about Key Issues of Corporate Governance.
To give advanced bachelor students (from economics, management, business and law backgrounds) an insight into the backgrounds and developments of Key Issues of Corporate governance.
This course is an excellent introduction to the LLM/MSc programme Law & Economics/Economics & Law at Utrecht University.
EUR 830: Course + course materials + housing
EUR 630: Course + course materials
on course website