ECON3441 Corporate Governance 2022
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ECON3441-WE01
Corporate Governance
2022
1. More and more institutional investors demand that listed companies comply with recommendations about the composition and operation of the Board of Directors included in the UK Corporate Governance Code. Critically discuss whether investor pressure which pushes listed companies to comply with key recommendations of the code is likely to have a positive or a negative impact on firms.
2. Critically analyse the advantages and disadvantages of the German system of corporate governance of listed firms. Consider why the system appears to improve the sustainability of firms during turbulent economic times, such as the recent Covid crisis, but also appears to cause many corporate scandals.
3. Critically discuss the benefits of corporate disclosure and explain why firms would disclose information that is not mandatory. In this context explain how corporate disclosure can be affected by the design of executive compensation .
4. Analyse the role of debt in corporate governance when creditors are seen as active stakeholders. Critically consider in your discussion the empirical evidence on the governance implications of different types of debt and debt structures.
5. (pre-seen student-centred learning question)
Identify a corporate scandal which broke in the past five years in a listed, non-financial company (you may not choose Patisserie Valerie or Volkswagen).
Drawing on relevant corporate governance theories and empirical evidence, analyse to which degree the firm’s corporate governance might have contributed to the scandal and might have affected its consequences for the firm. For your analysis, you should consider both internal and external corporate governance mechanisms.
2022-05-26