SHORT COURSE DESCRIPTION
Corporate Governance has regained central importance in the aftermatch of the Enron scandal (in 2001) and the recent financial crisis. Corporate governance is the collection of mechanisms, processes and relations by which corporations are controlled and operated, to guarantee the interests of investors and other stakeholders. While a lot of attention has been paid to examining internal mechanisms, such as the board of directors, ownership structures and executive compensation, growing attention has been put on external governance mechanisms, such as the market for managers, market for corporate control, codes of governance, or media exposure. In addition, the recognition of different patterns of corporate governance around the world has spurred comparative corporate governance research. Corporate Social Responsability has attracted renewed interest since the last financial crisis and questions the premise that firms should only be managed in the interest of shareholders. Management and corporations are increasing facing public demand for new corporate ethos, a stricter compliance with both public and private/civil regulation and the assumption of responsibilities related to emerging social and environmental issues such climate change, labor exploitation, health security, etc.
This course is aimed at enhancing doctoral students' knowledge of the foundations of corporate governance and corporate social responsibility research, and the linkages between both streams. The course includes the explanation and problematization of the main theories that are central to corporate governance and corporate social responsibility such agency theory, the stakeholder view of the firm, institutional theory, etc.
This is primarily a discussion based course, where academic articles are posed to students on complex topics in which students engage first hand in the discussion and debate. We do expect a lively debate in the classroom and learning by confrontation.
Topic 1. Corporate governance and CSR ¿ the original debate
Topic 2. The importance of the ownership structure on firm decision-making and on the design of other corporate governance mechanisms and CSR
Topic 3. External corporate governance: the role of Media and Competition
Topic 4. Comparative corporate governance: the role of institutions and configurations
Topic 5. Stakeholder theory, stakeholder engagement and CSR
Topic 6. The link between Corporate Governance and CSR