FEM11118: ADVANCED CORPORATE
FINANCE AND GOVERNANCE
LECTURE 5
CORPORATE GOVERNANCE:
OWNERSHIP AND EXECUTIVE
COMPENSATION
,TODAY
An introduction to corporate governance
Ownership
Executive compensation
Harvard Business Case on Hill Country Snack
Foods
2
,REQUIRED READING
Denis, D.K., J.J. McConnell, 2003.
International corporate governance. Journal of
Financial and Quantitative Analysis 38 (1), 1-
36.
CG differs a lot among countries. Empirical evidence for capital structure can be applied to different countries however
3
,CORPORATE GOVERNANCE
Definitions:
The mechanisms by which corporations and their
managers are governed
shareholders (but also bondholders)
Deals with the ways in which suppliers of finance to
corporations assure themselves of getting a return on
their investment
4
FINANCE AND GOVERNANCE
LECTURE 5
CORPORATE GOVERNANCE:
OWNERSHIP AND EXECUTIVE
COMPENSATION
,TODAY
An introduction to corporate governance
Ownership
Executive compensation
Harvard Business Case on Hill Country Snack
Foods
2
,REQUIRED READING
Denis, D.K., J.J. McConnell, 2003.
International corporate governance. Journal of
Financial and Quantitative Analysis 38 (1), 1-
36.
CG differs a lot among countries. Empirical evidence for capital structure can be applied to different countries however
3
,CORPORATE GOVERNANCE
Definitions:
The mechanisms by which corporations and their
managers are governed
shareholders (but also bondholders)
Deals with the ways in which suppliers of finance to
corporations assure themselves of getting a return on
their investment
4
