This course offers a comprehensive introduction to international corporate governance and strategy implementation, focusing on its influence in guiding corporate practices. Throughout the semester, we will explore foundational theories and leading practices of corporate governance in global markets. Key topics include the responsibilities and interplay between boards of directors, shareholders, executive teams, and other relevant stakeholders.

We will also critically analyze various governance frameworks and models employed across different jurisdictions, countries, and firms. To bridge theory with practice, the course integrates a series of case studies, providing insights into the actual application of corporate governance principles in real-world scenarios.

Special attention will be given to current developments and the impact of regulatory changes on various aspects of corporate governance. Additionally, we will examine how incentive contracts influence the roles and responsibilities of executives and top management teams, as well as the effectiveness of financial steering and control in (ESG) strategy implementation. We will also explore the impact of digitalization, focusing on how contemporary technology for autonomous and automated decision-making is reshaping organizational decision-making processes. This academic approach aims to provide students the opportunity to bridge theory and practice with insights on how corporate governance can facilitate organizational success and accountability in global markets.

Overview of course modules:

Session 1: Fundamentals of International Corporate Governance
Session 2: Board of Directors: Responsibilities, Liabilities, and Incentives
Session 3: Global Regulatory Developments in Governance and Compliance
Session 4: Financial Control and Key Performance Indicators (KPIs)
Session 5: Implementing (ESG) Strategies in Global Markets Through Effective Control Systems
Session 6: Exam / Case Study
Session 7: Corporate Transparency and Digitalization

1. Critical Analysis of Governance Structures: Students will gain an in-depth understanding of the fundamental concepts and principles underlying international corporate governance. They will learn to apply governance theories to analyze and address global challenges, comprehend the impact of regulatory changes, and assess the economic consequences on organizational decisions.
2. Stakeholder Responsibilities and Dynamics: This course will explore the roles and interactions among key stakeholders in corporate governance, such as boards of directors, top management teams (TMTs), shareholders, and executives. Students will gain an understanding of these dynamics and their implications for business ethics and strategy implementation.
3. Theoretical Applications in Real-World Scenarios: Through case studies, students will engage in an examination of various international governance models and frameworks. The focus will be on evaluating their effectiveness within different economic, regulatory, and cultural contexts, particularly in relation to global markets.
4. Compare and Contrast Key Performance Indicators (KPIs) and Their Use: This outcome focuses on developing an understanding of the differences and similarities in the informational properties of performance measures within and across various firms. Students will analyze how financial control impacts decision-making and strategies for profitability and sustainable growth.
5. Evaluate and Design Control Systems for ESG Strategy Implementation: Students will learn methodologies to assess the effectiveness of control systems in ensuring organizational accountability and supporting economic welfare in the context of energy transition/climate (ESG) and the digital transformation towards augmented organizational decision-making.

To successfully pass this course, your absences must not exceed 30% of all scheduled sessions, including the exam session.

This course is designed in a lecture format to provide a solid foundation in corporate governance in global markets, complemented by interactive elements to enhance learning and engagement. Each session features a dedicated time slot for student presentations, focusing on case study assignments that allow participants to apply concepts discussed in lectures to real-world scenarios. These sessions are designed to help students apply their theoretical knowledge to real-world scenarios and current events in corporate governance. To bridge theory with practice, students have access to a curated repository of resources about governance mechanisms, ensuring a well-supported learning environment.

The assessment structure for this course is designed to evaluate students' engagement, analytical skills, and collaborative capabilities. It comprises:

• Pre-Assignment: 10%
• A scholarly group assignment: 30%
• Exam: 60%

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Students are expected to have a profound knowledge of management control and strategy, which they might have gained during the regular CBK curriculum. However, this is not a formal prerequisite.

For general administrative questions, or for inquiries related to specific course content and issues, please email at bgm-icg@wu.ac.at