Portale di Ateneo - En.Unibs.it

Borrowed courses

CORPORATE GOVERNANCE AND CONTROL SYSTEMS

MONETA, FINANZA E RISK MANAGEMENT

CORSO GENERICO
CORPORATE GOVERNANCE AND CONTROL SYSTEMS

MANAGEMENT

INNOVATION
CORPORATE GOVERNANCE AND CONTROL SYSTEMS

MANAGEMENT

INTERNATIONAL BUSINESS
CORPORATE GOVERNANCE AND CONTROL SYSTEMS

MANAGEMENT

FINANZA
CORPORATE GOVERNANCE AND CONTROL SYSTEMS

MANAGEMENT

MARKETING

Other Courses of the Study Programme

Course year: 2

ADMINISTRATION LAW - 6 credits - Related/Supplementary
ASSET MANAGEMENT AND INSTITUTIONAL INVESTORS - 9 credits
BANKING AND FINANCIAL OPERATIONS - 2 credits
BANKING RISK MANAGEMENT - 12 credits
BANKRUPTCY LAW - 6 credits - Characterising
BUSINESS ENGLISH - 6 credits - Student's own choice
BUSINESS HISTORY - 9 credits - Student's own choice
COMMERCIAL LAW - 6 credits - Characterising
COMMUNICATION MANAGEMENT - 9 credits - Student's own choice
COMPUTER SCIENCE FOR FINANCE - 6 credits - Student's own choice
CONTRACT LAW FIRM - 6 credits - Student's own choice
CORPORATE FINANCE (MERGERS, ACQUISITIONS AND CORPORATE RESTRUCTURING) - 6 credits - Student's own choice
CORPORATE GOVERNANCE AND CONTROL SYSTEMS - 9 credits - Characterising
CREDIT RISK - 6 credits - Student's own choice
DATA ANALYSIS FOR BUSINESS AND FINANCE - 6 credits - Student's own choice
DEGREE THESIS - 16 credits - Language/Final Examination
DERIVATIVES AND FINANCIAL HEDGING - 6 credits - Student's own choice
ECONOMETRICS OF FINANCIAL MARKETS - 6 credits - Student's own choice
ETHICS AND ECONOMICS - 2 credits
EU LABOUR LAW - 6 credits - Student's own choice
EUROPEAN PUBLIC LAW - 6 credits - Student's own choice
FINANCIAL CRISIS - 6 credits - Student's own choice
FINANCIAL INVESTMENT TAXATION - 6 credits - Student's own choice
FINANCIAL MANAGEMENT - 9 credits
FINANCIAL MARKETS LAW - 6 credits - Student's own choice
HISTORY OF GLOBALIZATION - 9 credits - Student's own choice
HUMAN RESOURCE MANAGEMENT - 9 credits - Student's own choice
INDUSTRIAL ECONOMICS AND POLICY - 6 credits - Student's own choice
INTERNATIONAL ACCOUNTING AND REPORTING ISSUES - 6 credits - Student's own choice
INTERNATIONAL ECONOMIC ENVIRONMENT FOR BUSINESS - 9 credits - Student's own choice
INTERNATIONAL MARKETING - 9 credits - Characterising
INTERNATIONAL TRANSPORTATION LOGISTICS - 6 credits - Student's own choice
INTRODUCTION TO CSR - 2 credits
INTRODUCTION TO LOGISTICS - 6 credits - Student's own choice
INVESTMENT AND FINANCING ANALYSIS - 9 credits - Student's own choice
LABOUR MARKET, PROFESSIONAL TRAINING AND TYPES OF CONTRACT - 2 credits
LEADERSHIP AND COMPLEX ORGANIZATIONS - 6 credits - Student's own choice
LOGISTICS MANAGEMENT - 12 credits
LOGISTICS TECHNOLOGIES - 9 credits - Student's own choice
MACROECONOMIC OUTLOOK AND POLICIES - 9 credits - Student's own choice
MARKET RISK - 9 credits - Student's own choice
MARKETING MANAGEMENT - 9 credits - Student's own choice
MARKETING-ADVANCED - 6 credits - Student's own choice
MATHEMATICAL METHODS AND INFORMATICS FOR FINANCE - 12 credits
MATHEMATICAL METHODS FOR FINANCE - 6 credits - Student's own choice
MODELS FOR ENERGY MARKETS - 6 credits - Student's own choice
MONEY AND FINANCE - 9 credits - Student's own choice
OPTIMIZATION IN FINANCE - 6 credits - Student's own choice
PRODUCTION MANAGEMENT - 6 credits - Student's own choice
QUANTITATIVE METHODS FOR ECONOMICS AND BUSINESS - 9 credits - Student's own choice
RISK MANAGEMENT AND EXTERNAL CONTROLS - 6 credits - Characterising
RISK MANAGEMENT IN BANKING - 6 credits - Student's own choice
SERVICE MARKETING - 6 credits - Student's own choice
SOCIOLOGY OF INNOVATION - 6 credits - Student's own choice
SPECIAL TOPICS IN REPORTING (SOCIAL AND ENVIRONMENTAL REPORTING) - 6 credits - Characterising
STATISTICS FOR FINANCE - 9 credits - Student's own choice
STATISTICS FOR MARKETING - 9 credits - Student's own choice
STATISTICS FOR RISK MANAGEMENT - 6 credits - Student's own choice
SUPPLY CHAIN AND PRODUCTION - 12 credits
SUPPLY CHAIN AND TRANSPORTATION - 12 credits
SUPPLY CHAIN MANAGEMENT - 6 credits - Student's own choice
TAX LAW - 9 credits - Related/Supplementary
THE BUSINESS PLAN IN CASE OF START-UP INITIATIVES - 2 credits
TRANSPORTATION MANAGEMENT - 6 credits - Student's own choice

CORPORATE GOVERNANCE AND CONTROL SYSTEMS

Single discipline educational activity

Course Sheet

Academic Year of enrolment:

2012/2013

Academic Year of provision:

2013/2014

Type of Course:

Characterising

Degree:

Master's Degree Programme in BUSINESS CONSULTANCY AND TRAINING FOR PROFESSIONALS

Disciplinary Sector:

Business Administration

Grouping type:

Credits:

Programme Year:

Cycle:

Second four months

Hours of classroom activity:

Hours of individual study:

165

Students should have a basic knowledge of Business Administration, Financial Statements and Consolidated Financial Statements, Company Law, Cost Accounting and Management Control.

Educational Goals

This course has a crucial role in creating specialized skills of business administration.
In particular, the course intends to accustom the student to a critical review of corporate structures, processes and results. The course also aims at sensitising to:
- the improvement of the quality of board-level decision making, through the preparation of ad hoc information (for instance, risk assessment and risk monitoring services, rating services, and analyses concerning social and environmental responsibility)
- management control, which boosts the implementation of board-level decisions and permits to check the coherence between such decisions and the personnel’s behaviours
- the verification of formal and substantial correctness of procedures, behaviours and information produced by the organisation and transferred to the board;
- the analysis of communication’s clarity and transparency, in order to check its ability to meet stakeholders’ informative expectations.

Content

The course provides an in-depth analysis of corporate governance issues, adopting a business economic approach and primarily considering the global markets and the international principles and recommendations.
The program is structured in three parts concerning:
- Corporate governance systems in Italy and abroad, the existing differences and convergence, and the best practices for companies’ global effectiveness
- The linkage among corporate governance, management and control for the optimization of the relationships among resources, activities and performance. In this regard, the course analyses board-level control, external control and internal control
- Transparency and communication to the stakeholders for the obtainment of trust and consent.
In particular, the course aims at: describing the evolution of corporate governance and promoting a modern concept, which should help the companies compete in global markets; emphasizing the importance of connecting sustainable development, global responsibility, stakeholder relations management, risk management and characteristics of governance processes; providing basic skills for interacting with or participating to corporate boards and internal control bodies.
The contents are updated yearly according to the evolution of the subject.

Extended Syllabus

Detailed program

1. Governance and corporate effectiveness.
2. Success key factors and governance evolution.
3. Relations among corporate boards. Corporate governance models.
4. Financial markets and corporate governance systems.
5. Which stakeholders give a corporate governance mandate?
6. Categories of directors and stakeholder protection.
7. Globalisation and convergence of corporate governance systems.
8. Corporate governance systems in Italy.
9. Corporate governance and ownership structure.
10. Laws and recommendations concerning corporate governance.
11. Corporate governance codes.
12. EU directives and key issues on the quality of governance.
13. Characteristics and trend of corporate governance in old and newly industrialised countries.
14. Control in corporate governance.
15. Control activities carried out by the board of directors and specific corporate governance bodies.
16. External controls: which categories of stakeholders do they protect? How are they activated? What do they consist in?
17. Internal control system: evolution, purposes and significant variables.
18. Internal control committees and the person responsible for internal control.
19. Risk management.
20. Compliance control and surveillance, according to the Italian Legislative Decree no. 231/2001.
21. Internal auditing.
22. Management control.
23. Transparency and corporate communication.
24. Stakeholders’ expectations and communication on corporate governance.
25. Stakeholders’ expectations and financial, social and environmental reporting.
26. Evolution of corporate reporting and implications for corporate effectiveness: trends towards 2020.

Recommended Bibliography

- D.M. Salvioni (ed.), Corporate governance, controllo e trasparenza, FrancoAngeli, Milano, 2009.
- D.M. Salvioni and L. Bosetti, "Corporate Governance Report and Stakeholder View", Symphonya. Emerging Issues in Management, 1/2006, http://webdepot.gsi.unimib.it/symphonya/RePec/pdf/symjournl59.pdf
- D.M. Salvioni, "Intangible Assets and Internal Controls in Global Companies", Symphonya. Emerging Issues in Management, 2/2010, http://webdepot.gsi.unimib.it/symphonya/RePec/pdf/symjournl150.pdf

To pass the exam, students are also expected to know corporate governance laws and recommendations discussed during the lessons and specified in the course material.

The following textbooks are recommended to Erasmus students:
- T. Clarke, International corporate governance. A comparative approach, Routledge, London, 2007.
- D.M. Salvioni, "Corporate Governance, Management Control and Global Competition", Symphonya. Emerging Issues in Management, 1/2005, http://webdepot.gsi.unimib.it/symphonya/RePec/pdf/symjournl74.pdf
- D.M. Salvioni - L. Bosetti, "Corporate Governance Report and Stakeholder View", Symphonya. Emerging Issues in Management, 1/2006, http://webdepot.gsi.unimib.it/symphonya/RePec/pdf/symjournl59.pdf
- D.M. Salvioni, "Market-Driven Management and Corporate Governance", Symphonya. Emerging Issues in Management, 2/2008, http://webdepot.gsi.unimib.it/symphonya/RePec/pdf/symjournl20.pdf
- D.M. Salvioni, "Intangible Assets and Internal Controls in Global Companies", Symphonya. Emerging Issues in Management, 2/2010,
http://webdepot.gsi.unimib.it/symphonya/RePec/pdf/symjournl150.pdf

Moreover, Erasmus students can usually download the English version of corporate governance laws and recommendations from institutional websites (e.g. EU, Consob).

Teaching Methods

The courses uses traditional teaching methods (such as lectures and seminars). Active teaching can be adopted according to the number of students.

Assessment Methods

The exam is oral.
Attending students can discuss an individual essay, in which they are expected to analyse a listed company’s corporate governance. Each student is supported by an academic tutor.
Non-attending students are tested on the entire course program, which includes the textbooks, articles and legislation mentioned in this page.

Assessment:

Final Mark

Programme of Educational Activities

Start date of teaching period:

Monday, February 17, 2014

End date of teaching period:

Tuesday, June 3, 2014