| Description
| Corporate governance is the combination of legal and political governance mechanisms external to the firm, along with monitoring and incentive governance mechanisms internal to the firm, linked and driven by the forces of investment markets, to produce value-increasing outcomes for firms' owners and, ultimately, society at large. In this course, we will survey corporate governance, taking the investor's point of view. By the end of the course, you should have a well-informed understanding of the basic corporate governance problem and the major issues in corporate governance, prominent proposed solutions to the corporate governance problem, the way the problem is actually addressed in a variety of companies and countries, and evidence on the prospects for and drawbacks of the various solutions. This course is therefore comprised of distinct intellectual components-the practice and the science-which are intertwined throughout the semester's activities.
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