| Audience: | Senior Executives |
| Duration: | 4 hours |
| Location: | Miami Business School, University of Miami |
In this module, conflicts of interest within the firm will be analyzed and mechanisms to mitigate these problems will be discussed. In the first part of the module, problems arising from asymmetric information and incomplete contracts will be analyzed. In the process we will shed light on a fundamental question in corporate governance about whether creating value for shareholders should be the firm’s first priority. This module will provide the theoretical background for the second part, where we discuss the evolution of different corporate governance systems around the world. In the third part, we highlight some recently discussed governance mechanisms. Special emphasis will be on the board of directors, the design of executive compensation contracts, growth of executive compensation, the role of shareholder activism and institutional investors, the market for corporate control, and decisions to lay off workers. Case studies and presentations by corporate officers will add practical aspects to round off your knowledge on corporate governance issues.
Students should develop a deep understanding of important issues in corporate governance and of its relevance in a social, political, and economic context.
The module would discuss:
