Netherlands, Utrecht

Corporate Governance after the Financial Crisis

when 17 July 2017 - 21 July 2017
language English
duration 1 week
credits 1.5 EC
fee EUR 850

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! After a visit to Loyens & Loeff, the largest law firm of the Netherlands, is planned for a lecture about private equity.
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.
At day 5, we will visit also Oudaen, the city castle of Utrecht. A lecture about boardroom dynamics will be held by Luigi Pinna, former board member of the boards of several US corporations. After this presentations about Corporate Governance issues in several countries will be held by the participants which don't need a grade. The students which do need a grade will do an exam. The course will be concluded with the distribution of certificates and drinks and snacks in the city castle.

Course leader

Prof. dr. Wilco J. Oostwouder

Target group

Ambitious bachelor students (from economics, management, business, or law backgrounds) who are keen to know more about Key Issues of Corporate Governance.

Course aim

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 and into the economic causes and effects of M&A.

Credits info

1.5 EC
Certificate of Attendance

Fee info

EUR 850: Course + course materials + housing
EUR 650: Course + course materials

Scholarships

Utrecht Summer School doesn't offer scholarships for this course.

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