N_VSK Corporate Management

University of Finance and Administration
Winter 2020
Extent and Intensity
2/0/0. 3 credit(s). Type of Completion: z (credit).
Teacher(s)
Ing. Lukáš Blažek, Ph.D. (seminar tutor)
JUDr. Pavel Koukal (seminar tutor)
Guaranteed by
Ing. Lukáš Blažek, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Bc. Kamila Procházková
Timetable of Seminar Groups
N_VSK/pPPPH: each even Thursday 15:45–16:29 S13, each even Thursday 16:30–17:15 S13, each even Thursday 17:30–18:14 S13, each even Thursday 18:15–19:00 S13, except Thu 12. 11., except Thu 26. 11., except Thu 10. 12. ; and Thu 12. 11. 15:45–17:15 E225, 17:30–19:00 E225, Thu 26. 11. 15:45–17:15 E225, 17:30–19:00 E225, Thu 10. 12. 15:45–17:15 E225, 17:30–19:00 E225, P. Koukal
N_VSK/vPPKV: Sat 24. 10. 9:45–11:15 KV204, 11:30–13:00 KV204, 14:00–15:30 KV204, Sat 12. 12. 9:45–11:15 KV204, 11:30–13:00 KV204, 14:00–15:30 KV204, L. Blažek
N_VSK/vPPPH: Fri 9. 10. 14:00–15:30 S13, 15:45–17:15 S13, Fri 6. 11. 14:00–15:30 S13, 15:45–17:15 S13, Fri 4. 12. 14:00–15:30 E129, 15:45–17:15 E129, P. Koukal
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
Corporate Governance is the system by which companies are directed and controlled. Governance is an art, because it is a creative process, during which is necessary to understand not only basic principles of Corporate Governance but also to have ability to analyse specific situations. There are also some specifics and differences of the interests of subjects of company governance: Managers, creditors, employees, company partners, customers, and local government. The aim will be the need to balance the economic and social goals and goals of individuals and society as a whole. The Corporate Governance framework is here to promote the efficient use of resources and also to require accountability for their management to reconcile the onterest of individuals, corporation and sociaty. It will appeal to legislation that protects the interest and assests of copmanies as well as their reputation. After completing this course, students will be able to understand all funancial and legal aspects of Corporate Governance and all rights and responsibilities of all CG subjects.
Learning outcomes
After the completion of all lectures and seminars students will be able to define not only Corporate Governance as such but also individual terms necessary for full understanding of subject. Here is a list of all items which students will be able to understand, discuss or describe: - the evolution in given field around the world, also in newly born and formed countries, including those in Eastern Europe. - purposes and differences between governance and management, management and leadership; - differentiate between all kinds and types of companies, understand relevant processes and rules when creating or shutting down all kinds of entities in compliance with a new Act on corporations; - distribution of rights and responsibilities among all subjects in corporation, terms as shareholder, stakeholder, board of directors, CEO, different kind of directors; - every student will be able to understand whole legislative frame including countries as USA, UK, Japan, China, India, Russia, South Korea, Middle East, North Afrika. Every student will also understand the importance of private initiative, professional associations and international organizations in forming CG recommendations and principles; - students will gain the knowledge of different models of CG as US, UK/Commonwealth, two-tiers continental European, Japanese, Asian - family based; - students will be able to explain role, function and activities of board of directors, creation of committees as for audit, nomination and remuneration ones, their composition, meetings etc.; - students will understand term Corporate Social Responsibility, latest evolution, forming and implementing of strategy, examples of best corporations with best CSR; - students will be able to propose base on surveys proposals for better CG installing transparency, trust, stability and continuity of companies.
Syllabus
  • 1. Different forms of business 2. Major models of Corporate Governance in different countries. Anglo-Saxon model - monistic model 3. Major models of corporate governance : German-Japanes - dualistic model 4. Principles of "best practice" and its basic recommendations - "Cadbury Report" 5. OECD principles of Corporate Governance, "best practice" recommendations 6. Failure of Corporate Governance system, colapse and auditing scandals of corporations as Enron, WorldCom, Tyco etc. 7. Legislative response on scandals around the world, new regulations, new recommendations and revision of old acts 8. Situation in USA - Sorbanes Oxly Act), UK situation, reaction of OECD 9. Corporate Governance in European Union, legislative framework 10. Reaction on OECD principles of good practice in Czech Republic, Code of Corporate Governance 11. Financial crisis organizations had to face in 2007 - 2008, reasons and cantry of origin, impact on Corporate Governance. Remuneration of boioard members, top executives and their training and development 12. Intellectual property and marketing from the point of view of legal protection of corporation.Corporate Governance in next thirty years
Literature
    required literature
  • • BORSÍK, Daniel a Klára HURYCHOVÁ. Corporate governance, 1. vyd. Praha: Wolters Kluwers, 2015, 281 s. ISBN 978-80-7478-729-4
  • POKORNÁ Jarmila., VEČERKOVÁ, Eva a Milan PEKÁREK. Obchodní korporace a nekalá soutěž, 1. vyd. Praha: Wolters Kluwers, 2015. 636 s. ISBN 978-80-7478-873-4
  • SKÁLOVÁ, Jana a kol.: Účetní a daňové souvislosti zákona o obchodních korporacích, Wolters Kluwers, 2015. 176 s. ISBN 978-80-7478-971-7
    recommended literature
  • • ŠVARC, Zbyněk a kol. Základy obchodního práva po rekodifikaci soukromého práva. 1.vyd. Praha: Wolters Kluwers. 2014. 50 s. ISBN 978-80-7380-504-3, ( pouze některé kapitoly)
  • TELEC, Ivo. Právo duševního vlastnictví v informační společnosti. 1. vyd. Praha: Legges. 2015. 240 s. ISBN 978-80-7502-061-1
  • REŽŇÁKOVÁ, Mária. Efektivní financování rozvoje podnikání. 1.vyd. Praha: Grada Publishing. 2012. 144 s. ISBN 978-80-247-1835-4
  • ŠTENGLOVÁ, Ivana, DĚDIČ, Jan, TOMSA, Milan a kol. Základy obchodního práva. 1. vyd. Praha: Legges. 2015. 464 s. ISBN 978-80-7502-052-9
Teaching methods
Attendance form of study – lectures and seminaries.Combined form of study – distant method of studies. In Attendance form of study 75% of attendance to seminaries is required, 50% in combined form. Those, who don’t fulfill the minimal attendance to the seminaries, might be subject to extra obligations during the semester in order to prove their knowledge of the subject.
Assessment methods
The course is concluded by credit. The list of topics designed to test knowledge will be made available to all students before the end of semester.
Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 12 hodin KS/semestr.
The course is also listed under the following terms Winter 2012, Winter 2013, Winter 2014, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2021, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (Winter 2020, recent)
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