Corporate
Governance has been found to be a critical determinant in the
performance of business firms: when the interests of
entrepreneurs and managers, as well as other stakeholders
(creditors, employees, customers, suppliers and the community
at-large) and the owners of equity capital (shareholders) are
in conflict, the firm performs below its potential and is not
able to serve any of its stakeholders well.
Accordingly, the focus of the course is on the analysis of the
relationships among these parties, with a view of improving CG
and along with it enterprise performance which means attaining
the firms full potential, given its endowment with human-,
physical-, and financial capital taking into account the legal
and ethical restraints in a world of environmental concerns,
threatening technology gaps and cultural sensitivities.
In view of
the globalization of markets for capital, technology, products
and talent, clear views on how corporations are and should be
governed and which principles are to guide such governance
become very important for executives as well as those involved
in shaping public policy. During the
course we will look at CG from both theoretical as well as
practical perspectives.
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