BA5834 FINANCIAL ISSUES IN CORPORATE GOVERNANCE
| Course Code: | 3125834 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 8.0 |
| Department: | Business Administration |
| Language of Instruction: | English |
| Level of Study: | Graduate |
| Course Coordinator: | Assoc.Prof.Dr. ÇAĞRI TOPAL |
| Offered Semester: | Fall or Spring Semesters. |
Course Objectives
Students who have taken this course will:
- Learn what corporate governance is and understand the difference between management and corporate governance
- Grasp the great diversification in governance and organization structure of the companies worldwide
- Discuss the importance of corporate governance in all types of companies, listed, unlisted, closely-held, widely-held, SMEs, family owned
- Driving forces behind corporate governance (privatization, company ratings, mergers and acqusitions, stock echange rules
- Learn the importance of boards, management (CEOs, CFOs)
- Learn the rights of shareholders, the role and the importance of institutional investors,
- Learn the responsibilities of institutional investors (hedge funds,private equity investors soverign funds etc), and their governance challenges
- Discuss the role of stakeholders
- Understand the importance of transparency accountability in financial reporting and auditing
- Understand the relationship between internal control, risk management and corporate governance
- Evaluate and measure the impact of good corporate governance on financial performance
- Learn the implication of Basel II from the Corporate Governance perspective, and the corporate governance of financial institutions
- Discuss the impact of corporate governance on financial markets
- Discuss the importance of responsible business conduct and sustainability (especially in multionationals)
- Finally corporate governance developments in Turkey, new commercial code and the coming corporate governance principles of non-listed companies
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 synthesizing the knowledge that they attained in the area of business administration with the knowledge base that they developed in their undergraduate specialisms. | ✔ | |||
| 3 | They are capable of identifying and analyzing legal, environmental and social factors, which influence the basic functional areas of the business administration. | ✔ | |||
| 4 | They understand and implement rational, systematic and scientific approaches effectively in problem solving and decision-making processes. | ✔ | |||
| 5 | They are capable of applying, analyzing, synthesizing and evaluating the knowledge they developed in diverse fields efficiently. | ✔ | |||
| 6 | They are capable of transferring information by using efficient verbal and written communication techniques. | ✔ | |||
| 7 | They are capable of performing professional communication effectively also in English. | ✔ | |||
| 8 | They know methods of performing efficient teamwork. | ✔ | |||
| 9 | They are capable of understanding and synthesizing academic and scientific research in their areas and able to transform such research into useful knowledge. | ✔ | |||
| 10 | They have competence in all of the stages of scientific research and processes. | ✔ | |||
| 11 | They are knowledgeable in the areas of professional ethics and responsibility. | ✔ | |||
| 12 | They are capable of utilizing their knowledge and skills efficiently in global and multicultural contexts. | ✔ | |||
| 13 | They are knowledgeable in the issues of environment, social responsibility, social justice, quality and cultural values. | ✔ | |||
| 14 | They have a creative, innovative and critical perspective. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution