First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
ECONOMICS
Course unit
INTERNATIONAL CORPORATE GOVERNANCE
EPP3051654, A.A. 2017/18

Information concerning the students who enrolled in A.Y. 2015/16

Information on the course unit
Degree course First cycle degree in
ECONOMICS
EP2093, Degree course structure A.Y. 2014/15, A.Y. 2017/18
N0
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Number of ECTS credits allocated 6.0
Type of assessment Mark
Course unit English denomination INTERNATIONAL CORPORATE GOVERNANCE
Department of reference Department of Economics and Management
Mandatory attendance No
Language of instruction English
Branch PADOVA
Single Course unit The Course unit CANNOT be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Lecturers
Teacher in charge LUISA PASTEGA
Other lecturers PAOLO BORTOLUZZI

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Educational activities in elective or integrative disciplines SECS-P/07 Business Administration 6.0

Mode of delivery (when and how)
Period Second trimester
Year 3rd Year
Teaching method frontal

Organisation of didactics
Type of hours Credits Hours of
teaching
Hours of
Individual study
Shifts
Lecture 6.0 42 108.0 No turn

Calendar
Start of activities 08/01/2018
End of activities 09/03/2018

Examination board
Examination board not defined

Syllabus
Prerequisites: Fluency with basic principles of corporate finance and financial management are recommended since the class frequently leverages such knowledge base.
Target skills and knowledge: COURSE OBJECTIVES & LEARNING OUTCOMES

The course aims at acquainting students to the main theories, models and practices of corporate governance that are emerging internationally. A special attention will be devoted to the different roles played by boards and directors in different legal, institutional and ownership settings.

Upon successful completion of the unit, students are expected to acquire the following skills:
- understanding the main issues a corporation faces in relation to designing its governance structure;
- interpreting recent changes in regulation and practices at an international level;
- analysing and assessing the pros and cons of the governance structure of corporations;
- formulating, communicating and defending ideas about theoretical and practical issues discussed in class;
- providing tentative recommendations or solutions to the governance issues that arise in corporations;
- becoming critical analysts of the individual behaviors and regulatory changes occurring in the governance space.
Examination methods: For non-attending students the assessment comprises two pieces of assessment:
A. Case study (60 marks): the case study must be submitted in the form of a written report. This is an individual piece of assessment: the case and the chosen company should be discussed well in advance with the instructor. Additional info is provided below and in the ‘guidelines’ available on Moodle.
B. Final Exam (40 marks): it is a written test to be taken on the day of the final exam.

Students willing to re-take the exam in the case of an unsatisfactory result – must resubmit the case study before the final exam. The case-study could be unchanged – thus keeping the same mark received previously – or changed (in this case, you must clearly discuss in which ways the case has been changed).

Alternative forms of assessment (non-written) are not allowed. This is applicable to the following sessions:
• Spring Session: March/April
• Summer Session: June/July
• Autumn Session: August/September


For those who qualify as attending students (e.g. attended > 80% of classes AND are part of a team submitting a case study), assessment items are as follows:

A. ATTENDANCE AND IN CLASS PARTICIPATION (UP TO 10 MARKS /100) – 10%

This is an individual piece of assessment. A student must attend at least 80% of the classes (e.g. 16 out of 21) in order to be eligible to gain the status as attending student. Class attendance per se does not guarantee obtaining full marks. Classes will be interactive and participative, thus students are expected to read the material prior to the sessions. In order to obtain full marks students should show an active involvement in brining unique and valued points that trigger discussion and stimulate debate.
Please note that the quality of contribution does not equate interrupting or dominating the discussion!

B. CASE STUDY (UP TO 55 MARKS /100) – 55%

This is a teamwork activity aiming at developing and testing your analytical skills and the ability to perform teamwork. The outcome is offering a thorough analysis of the governance-related issues that a corporation is facing or are likely to face in the near future. Two activities are required in order to fulfil the requirements:
a) Each group will deliver an in-class presentation (max 30 minutes); this is worth 20 out of 100 marks. The presentation will be scheduled in the last two-three weeks of the course depending on the number of groups to be formed;
b) Each group will submit a report based on the chosen company. The report is worth up to 35 out of 100 marks. A full document (max 6,000 words) should be submitted before the last day of the course (e.g. March 10, 2017) .

C. FINAL EXAM (UP TO 35 MARKS /100) – 35%

This is an individual piece of assessment aiming at testing your understanding and ability to critically analyse the main issues and topics covered throughout the semester:
• Format: Closed-book exam with multiple choices, short answers/essays and open-ended questions;
• The exam entails a written test, scheduled 1 or 2 weeks after the end of the classes (in March).
Assessment criteria: Understanding of the topics covered during classes and in the course materials; teamwork.
Course unit contents: COURSE CONTENT & STRUCTURE

The course examines different corporate governance systems worldwide. First, the emphasis will be on corporations and models where ownership is dispersed among myriads of investors (e.g. the Anglo-Saxon model), next the focus will shift on firms whose ownership is concentrated (e.g. the Asian and Continental European Model). In particular, since block-holding is widespread across different legal systems and encompasses a variety of owner’s types (families, institutional investors, banks, etc.), the unit will also offer a detailed overview of the German model and pyramidal family groups, which melt typical family governance mechanisms with those used by institutional investors.
Planned learning activities and teaching methods: Lectures on the topics faced in the course are supplemented by open discussions with students, case studies, and guest speakers.
Additional notes about suggested reading: Lectures on the topics faced in the course are supplemented by open discussions with students, case studies, and guest speakers.
Textbooks (and optional supplementary readings)