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2017
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Corporate Governance after the Financial Crisis

Organizing institution
Utrecht University, Faculty of Law, Economics and Governance (UU)
Course code
E15
Course fee (incl. housing)
€ 850
Level
Advanced bachelor level

Do you want to know how corporations are directed and how we can make them perform better? After this course you will know the answers! Research about the Financial Crisis showed that failing Corporate Governance of financial institutions was an important cause of this crisis. This course provides key knowledge about the lessons which are learned from this crisis. You will also learn how a board of a company functions in practice. On top of that we will visit the Euronext Amsterdam, the Dutch Stock Exchange, where you can practice your skills as a trader.

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Hundreds of billions of dollars in valuation were lost by scandals caused by failing corporate governance, such as at Lehman Brothers, Parmalat and Ahold. These scandals also contributed to a climate in which trust between consumers and companies, between investors and directors, is harmed. This, and the Financial Crisis inspired (semi) self-regulating bodies, governments, the EU and organizations like the OECD to take initiatives to improve corporate governance routines and safeguards. Corporate Governance Codes were altered and Codes for Financial Institutions were drafted to stimulate boards and shareholders to pursue a long-term strategies. The question remains however whether this all will work out and prevent short termism and excessive risk taking and, if not, what else can be done? This central question will be dealt with in the lectures of the course “Corporate Governance after the Financial Crisis” from both an economic and legal perspective.

Are you interested in Corporate Governance? Do you want to have a good introduction to your Masters in Law or Economics? Sign up for this course and experience this hot topic called ‘Corporate Governance’ together with other students from different countries.

In the first lecture of day 1 several theories behind corporate governance will be explained. After that the mechanisms of corporate governance (markets, law and regulation, gatekeepers and watchdogs and self-regulation) will be discussed. Furthermore, the students will be instructed on how to write a paper on failure in the corporate governance of a company in their home country.
The theme of day 2 will be risk management and reporting. The first lecture will be about (the requirements for) risk management and the way this has to be accounted for in the annual report. The second day will also discuss sustainability and integrated reporting.
Day 3 will start with a visit to Euronext Amsterdam, the Dutch stock exchange. We will have a look on the trading floor and there is the opportunity to test your skills as a trader in the crowd! After a visit to Loyens & Loeff, the largest law firm of the Netherlands, is planned for a lecture about private equity.
On day 4, the focus will be on supervisory board systems. The first lecture will discuss one tier vs two tier board systems and processes (decision making, related party transactions). The second and third lectures will focus on executive pay.
At day 5, we will visit also Oudaen, the city castle of Utrecht. A lecture about boardroom dynamics will be held by Luigi Pinna, former board member of the boards of several US corporations. After this presentations about Corporate Governance issues in several countries will be held by the participants which don\'t need a grade. The students which do need a grade will do an exam. The course will be concluded with the distribution of certificates and drinks and snacks in the city castle.

Tags: corporate governance, green paper, capital requirements directive, risk management, integrated reporting, executive pay, bonuses, board structure, agency theory, shareholders value

» Download the day-to-day programme (PDF)

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COURSE LEADER

Prof. dr. Wilco J. Oostwouder

TARGET GROUP

Ambitious bachelor students (from economics, management, business, or law backgrounds) who are keen to know more about key Issues of Corporate Governance.

Students from other faculties with a keen interest in law and economics, Ph.D. students and in exceptional cases even academic professionals can be admitted.

COURSE AIM

To give advanced bachelor students (from economics, management, business and law backgrounds) an insight into the backgrounds and developments of Key Issues of Corporate governance.
This course is an excellent introduction to the LLM/MSc programme Law & Economics/Economics & Law at Utrecht University.

STUDY LOAD

Contact hours daily: 4-5 hours (lectures, group assignments)
Self-study daily: 4 hours (preparation and research)

A final written exam can be part of the course for students which need a grade.
Grading is based on a 10-point scale on the weighted sum of different elements

The other participants will be required to give a group presentation on a notable actual case related to the subject of the course.

FEE

• € 850 - Course + course materials + housing
• € 650 - Course + course materials

DISCOUNTS AND COMBINATIONS
» Overview of all available discounts

SCHOLARSHIPS

Utrecht Summer School doesn't offer scholarships for this course.

MORE INFORMATION

prof. dr. Wilco J. Oostwouder
P: +31 (0)6 229 38 313
E: w.j.oostwouder@uu.nl

» Contact Utrecht Summer School

REGISTRATION

Deadline for registration: 15 July 2017

Application closed