Materials for Faculty Who
Participated in the IFC-Sponsored "Corporate Governance Roundtables" in
Tirana, Albania and Sarajevo, Bosna i Herzagovina
Thank you for your participation in
our recent university sessions. I greatly enjoyed my visit with you.
This page contains links to some of the materials used in our sessions,
and also to related corporate governance materials. Some of this
materials are password protected, as they are intended only for the
participants. If you are a participant and need the password, you can
contact me (laux@udel.edu) or Mr. Keler Gjika of IFC Albania (kgjika@ifc.org).
Here is a file containing
three syllabi from Corporate Governance courses.
These courses vary in their methods and in the exact topics presented. For
example, one is very internationally oriented and one is very US oriented.
The share a focus on the importance of minority investor protection as a way
to fostering socially productive business investment.
Here is a link to the
article
we discussed on the Bulgarian legal change of 2002, and its good effect.
One of the authors (Bernard Black, a legal scholar from the University of
Texas), also has a lot of articles on Russian and Korean corporate
governance. Just click on his name at the linked page to see his other work.
Here is a one-page article from the
financial press, concerning the debate over 'majority voting' in the US. The
related slide on this topic are numbers 67 and 73 from the package above.
For teaching, it is possible to gather summaries of discussions/debates,
like this one from the financial press on the web. The people who are
represented in the article came to the University of Delaware to discuss the
matter---and what I learned from them was much the same as represented in
the article. Thus, for developing teaching materials, one could make good
use of such discussion articles.
Here are a few links to corporate governance
studies of emerging markets/developing economies.
Brasil recently set up a special section of
their stock exchange to trade companies that are willing to hold themselves
to unusually-high standards of corporate governance. The result has been
strong stock performance for those companies, apparently as a direct result
of their bonding to investors. Here is an
article
about what happened and how.
Here's a
think-piece on the importance of teaching corporate governance as a
theme within a course on corporate finance. The core point is that law,
ownership, and the bank-or-markets orientation of a country have strong
influence on corporate financial management that should be highlighted for
students.