INTERNATIONAL CORPORATE GOVERNANCE

The course examines different corporate governance systems worldwide. First, the emphasis will be on corporations and models where ownership is dispersed among myriads of investors (e.g. the Anglo-Saxon model), next the focus will shift on firms whose ownership is concentrated (e.g. the Asian and Continental European Model). In particular, since block-holding is widespread across different legal systems and encompasses a variety of owner’s types (families, institutional investors, banks, etc.), the unit will also offer a detailed overview of the German model and pyramidal family groups, which melt typical family governance mechanisms with those used by institutional investors.