Corporate Governance and Accountibility


Course Objective

1. Academic and Research Skills. After successfully completing this
course, the student:
• employs appropriate terminology to refer to corporate governance (CG);
• understands main theories about CG.

2. Bridging Theory and Practice. After successfully completing this
course, the student:
• can employ practical tools to analyze conflicts of interest and
dilemmas in the corporate world;
• understands what research findings say about actual CG practices;
• is acquainted with the format and content of CG principles and codes.

3. Broadening our Horizon. After successfully completing this course,
the student:
• connects accounting practices and corporate misconduct;
• is able to identify possible causes of current corporate scandals.

Course Content

The course employs an integrated “building-blocks” approach. Each week,
a new block covers – but is not limited to – the following topics:
>> Block 1. Terms and concepts: surveys about fraud and misconduct
(what's happening now? why is this important?) • defining CG •
terminology • identification of main actors involved
>> Block 2. Theory: main theories (agency, resource-dependent /
stewardship, stakeholder) • alternative theories (power, culture) •
firms' motives to comply • game theory as a tool
>> Block 3. Research findings: how is CG measured? • empirical findings
(what does the evidence say?) • limitations, myths, criticism
>> Block 4. Accounting and CG: financial accounting and reporting •
detecting fraud • compensation • internal control • enterprise risk
>> Block 5. Law and CG (guest lecture): legal basics • tasks,
responsibilities, liabilities • different models of CG (1 tier, 2 tier)
• Dutch CG Code & regulatory framework • principle-based & “comply or
explain” models • principles & best practices
>> Block 6. Principles. principles and recommendations • financial
crisis (what have we learned?) • future directions

These blocks provide answers to the following questions:
• How is CG understood and defined? How is it measured?
• How does CG relate to accounting practices, internal control,
financial reporting, and enterprise risk management?
• How do executive and supervisory tasks of boards relate to strategies
of management, monitoring, accountability, and control?
• What are the objectives of CG codes and principles? How do they look

Teaching Methods


Method of Assessment

Written exam – Individual assessment.
(Interim) Assignment(s) – Individual assessment.
(Interim) Assignment(s) – Group assessment.
Mandatory attendance tutorials.

Entry Requirements



The course literature includes research papers, media reports, actual CG
codes. All references are available online and can be accessed through
the VU library.

General Information

Course Code E_EBE3_CGA
Credits 6 EC
Period P2
Course Level 300
Language of Tuition English
Faculty School of Business and Economics
Course Coordinator dr. J.P. Mendoza Rodriguez
Examiner dr. J.P. Mendoza Rodriguez
Teaching Staff

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Seminar, Lecture
Target audiences

This course is also available as: