Corporate Governance 2600-IBP-CGov.

I. Forms of conducting business:
1. Sole ownership/entrepreneur
2. Partnerships
3. Companies:
a) Limited Liability Company,
b) Joint-Stock Company
Topics: share capital, shareholder’s rights, company’s bodies: management board, supervisory board, general assembly.

II. Corporate governance:
1. Definitions of corporate governance.
2. Separation of ownership and managerial control as the company’s key feature.
3. The contemporary determinants of corporation’s operation.
4. Corporate governance theories and their practical implications: agency theory, stakeholder theory, property rights theory.
5. Corporate governance theoretical problems:
a) to whom belongs a company? – the separation of legal and economic ownership,
b) who is a today’s company stakeholder?
c) agency relationships and their costs.
6. Corporate governance internal and external instruments.
7. Corporate governance best practice codes.
8. International corporate governance – the key features of corporate governance models in various countries.
Contemporary corporate governance issues.