BA4834 FINANCIAL ISSUES IN CORPORATE GOVERNANCE
| Course Code: | 3124834 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Business Administration |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Res.Dr. HATİCE GONCA BULUR |
| Offered Semester: | Spring Semesters. |
Course Objectives
In this course, first, the definition and best practices of corporate governance (CG) and its contribution to the sustainability of the companies will be taught and thus the importance of good governance will be understood. Then, the developments in the regulations and codes at the global level will be explained; regulation versus market enforcement will be discussed. Afterwards, the role of institutional investors as shareholders and impact on the governance structure of the companies will be delivered. Eminent corporate governance scandals like Enron and Parmalat will be examined. The students then will be asked to analyze the global listed companies from CG perspective and deliver the CG scandal they were involved in. After explaining theories on CG, such as agency versus stewardship theory, cases from daily business life will be shared to enable the students to conceptualize what they have learned.
Course Content
In the 20th century, modern corporations became one of the world’s dominant institutions. Consequently, the way they do business is now under close scrutiny. The relationship between ownership structure, performance and the demands of society requires that companies exercise a high degree of diligence in their governance.
Course Learning Outcomes
Upon successful completion of this course, students should be able to:
Course Specific Skills:
1. Learn what corporate governance is and understand the difference between management and corporate governance
2. Learn the importance and the practices of board meetings
3. Learn the rights of shareholders, the role and the importance of institutional investors,
4. Learn the responsibilities of institutional investors (hedge funds,private equity investors soverign funds etc), and their governance challenges
5. Discuss the role of stakeholders
6. Learn and discuss the relevance of corporate governce with internal control and risk management
7. Learn fund governance from organizational perspective
8. Discuss the impact of corporate governance on financial markets
9. Learn the role of Board in setting the CSR Policy of the company; and understand the developments on sustainability at the global level
Discipline Specific Skills:
10. Differentiate, analyze and discuss the great diversification in corporate governance from legal perspective at the global level and learn the importance of market enforcement in turn,
11. Demonstrate broad knowledge of literature on the importance of corporate governance in all types of companies, listed, unlisted, widely-held, SMEs, family owned,
12. Analyze the impact of good corporate governance on financial performance,
Personal and Key Skills:
13. Can gain knowledge necessary to take corporate governance rating license examinations given by the Capital Market Boards of Turkey and other organizations,
14. Can develop expertise necessary for the investment relations department of the companies,
15. Can enhance understanding and analytical ability in good governance practices required for the sustainability of the companies,
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | They attain advanced level of knowledge in the functional areas of business administration such as strategic management, marketing, accounting, finance, organization management, human resources, and operations management. | ✔ | |||
| 2 | They are capable of identifying and analyzing legal, environmental and social factors, which influence the basic functional areas of the business administration. | ✔ | |||
| 3 | They understand and implement rational, systematic and scientific approaches effectively in problem solving and decision-making processes. | ✔ | |||
| 4 | They are capable of applying, analyzing, synthesizing and evaluating the knowledge they have in diverse fields efficiently | ✔ | |||
| 5 | They are capable of transferring information by using efficient verbal and written communication techniques. | ✔ | |||
| 6 | They are capable of performing professional communication effectively also in English. | ✔ | |||
| 7 | They know the methods of performing efficient teamwork. | ✔ | |||
| 8 | They are capable of following the contemporary techniques, scientific and technological developments in their fields and are able to conduct research and studies in order to develop their business administration related knowledge, skills, and competences. | ✔ | |||
| 9 | They are knowledgeable in the areas of professional ethics and responsibility. | ✔ | |||
| 10 | They are capable of utilizing their knowledge and skills efficiently in global and multicultural contexts. | ✔ | |||
| 11 | They are knowledgeable in the issues of environment, social responsibility, social justice, quality and cultural values | ✔ | |||
| 12 | They have a creative, innovative and critical perspective. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution