GRA6542 Corporate Governance

A4; Measuring the Value of a CEO
1. Changes in the level of CEO compensation
2. The peer-pay effect; an evidence of efficiency or inefficiency?
3. Stock reactions to measure CEO value
4. CEO deaths to test whether CEO compensation is appropriate

B4; Listing and Corporate Governance
1. Importance of minority shareholder protection
2. Why firms raise more debt than equity internationally
3. The “Bonding” Hypothesis

GRA6542 Corporate Governance

A4; Measuring the Value of a CEO
1. Changes in the level of CEO compensation
2. The peer-pay effect; an evidence of efficiency or inefficiency?
3. Stock reactions to measure CEO value
4. CEO deaths to test whether CEO compensation is appropriate

B4; Listing and Corporate Governance
1. Importance of minority shareholder protection
2. Why firms raise more debt than equity internationally
3. The “Bonding” Hypothesis and cross-listing
4. The “Market Segmentation” Hypothesis and cross-listing

Case; Wirecard
1. Ownership structure, owners’ objectives, and influence ability
2. Summary of the key event
3. Key governance issues
4. The role of various stakeholders;
The Management,
The board,
Regulators/supervisory authorities,
Auditors,
Activist investors,
Lenders,
The media.