Western Washington University Western Washington University

Seminar in Management:
Corporate Governance
Spring 2010

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Syllabus:

Meets: T/R 10:00 am -- 11:50 am (AW 210, CRN 22941)
Instructors: Craig P. Dunn and Craig Cole
Office: PH 206A
Office Hours: T/R 9:00 -- 9:50 am, and by appointment
Phone: 360-650-2593 (office/voicemail)
E-mail: craig.dunn@wwu.edu
URL: www.dunn.cc

COURSE DESCRIPTION:
MBA 525 SEMINAR IN MANAGEMENT (04) Prereq: MBA 516. Intensive examination of selected topics in management. Repeatable to a maximum of 8 credits.

One of the major aspects of corporate design and structure pertains to the way organizations in general and firms in particular are 'governed' and relate to their shareholders and stakeholders. This course is designed to outline and elaborate the particular issues and mechanisms of contemporary corporate governance--alternatively defined as "the system by which companies are directed and controlled" (Cadbury Report 1992) or the "set of rules and relations referring to the company administration, ownership structure and management efficiency to reach the company targets" (Benneton Group - Investor Relations, accessed March 2010). The topic of corporate governance will be elaborated from the institutional as well as organizational and managerial points of view, against the backdrop of an understanding of how corporate governance has evolved over time. Specific topics include:

Variety of Organizational Forms
History & Evolution of Corporate Governance/Government v Governance
Roles of Boards/Duties of Boards
Board and Director Assessment
Private Company Boards
Constituencies: Shareholders v Stakeholders
Board Structure, Composition and Recruitment
CEO and Director Interaction
Sarbanes-Oxley
Audit Committee
Board's Role in Strategic Planning
International Perspectives
Effective Boards and Board Meetings
Succession Planning
Non-Profit Boards, Public Sector Boards, and Advisory Boards
Board Reforms and Current Regulatory and Shareholder Issues

Students enrolling in this course can expect to come away with both theoretical as well as practical insights with regard to the broad topic of the interface between the owners, the Board, firm management, and the company and its major stakeholders.

"Governance and leadership are the yin and the yang of successful organisations.
If you have leadership without governance you risk tyranny, fraud and personal fiefdoms.
If you have governance without leadership you risk atrophy, bureaucracy and indifference."

-Mark Goyder (Director of Tomorrow's Company)

EVALUATION POLICY:
A maximum of 100 points may be accumulated in this course. Point distribution varies as follows (see grading contract at end of syllabus for details):

o Reflective Journal 20 points
o Seminar Presentation 20-30 points
o Writing Assignments 20-30 points
o Team Case Analysis 20-30 points

GRADING STANDARDS:
The following grading standards will be used to determine your final course grade. Students are responsible for monitoring their own progress throughout the term.

93 - 100 points

A

90 - 92.9 points

A-

86.5 - 89.9 points

B+

83 - 86.4 points

B

80 - 82.9 points

B-

76.5 - 79.9 points

C+

73 - 76.4 points

C

70 - 72.9 points

C-

66.5 - 69.9 points

D+

63 - 66.4 points

D

60 - 62.9 points

D-

PLAGIARISM:
In a section entitled Grades and Intellectual Honesty, the Western Washington University catalog states:

Grades are given for the student’s work and achievement. Fair evaluation of students’ work and helpful instruction are possible only when students submit work which genuinely reflects their own reading, computation, research and thoughts and is their own production, whether in writing or other format(s). Intellectual dishonesty can result in a failing grade and the placement of a note in the student’s permanent record. For the university’s policy on academic dishonesty, see Appendix D.

Students involved in any form of academic dishonesty (including but not limited to plagiarism or `cheating') on any coursework will receive a failing grade for the course.

"Corporate governance is not something that is put in place and then left.
Ensuring its effectiveness depends on regular review, preferably regular independent review.
And, in the end that comes down to the shareholders.
Outside assessment and self-assessment need to be regular events."

-Jim Jones
Business Day

READINGS:
One text is assigned: Corporate Governance, by Colley/Doyle/Stettinius/Logan. Assigned case studies, reading materials, and course videos will be available on the course website. Students will be provided additional case studies for end-of-term presentations by their class colleagues. Students are expected to read each assigned reading before the scheduled lecture for that reading.

REFLECTIVE JOURNAL:
Each week the class schedule will indicate a 'prompt' for your reflective journal (see course schedule for due dates). This term-long assignment accounts for twenty percent of your course grade, and is designed to engage you in linking the course content with 'real life' application(s).

For each day on which a reflective journal assignment is posted, students are to 'cut and paste' the 'prompt' from the course schedule into a new thread within their own journal, and then provide their reflections on the 'prompt.' The reflective journal is to be kept in Blackboard. To post an entry, do the following:

o Click on the 'reflective journal' button in the left menu bar
o Click on 'view'
o Click on 'new entry'
o Enter a BRIEF journal entry title
o Cut and paste the 'prompt' from the course schedule into the BODY of the journal entry
o Click 'save' (following completion of journal entry)

Each student has access to only their own journal. Only each individual student, as well as the faculty member, have access to these posts--which are time and date stamped upon submission.

SEMINAR PRESENTATION: Each student is to facilitate discussion for one class session. These 'presentations' are to address the seminar topics as catalogued in the course schedule. Each facilitator will be responsible to: 1) identify readings relevant to the topic (to be accessed through links to the course schedule); 2) provide a brief summary of the literature to be discussed for the selected class session (assume the class has read the assigned material); 3) introduce relevant commentary and/or supplementary readings where appropriate; 4) prepare relevant questions for discussion to be posted electronically one week prior to each scheduled seminar; 5) relate the required reading to the topic under discussion; and 6) introduce relevant pedagogical devices linking theory and practice. Students are to develop their 'presentation' in consultation with the course instructor(s).

A 'Seminar Proposal' form is to be submitted by each student no later than the end of the second week of the course. Following topic facilitation a 'Seminar Evaluation' form is to be submitted.

Areas that will be considered (in addition to those previously or subsequently mentioned) in evaluating the seminar 'presentation' are:

o adequacy of analysis
o clarity and conciseness of arguments
o integration of governance theory
o ability to stimulate discussion
o professionalism of presentation
o creativity of presentation

MIDTERM AND FINAL EXAMINATIONS:
There are no examinations for this course.

WRITING ASSIGNMENTS:
There will be five writing assignments throughout the term (see course schedule for due dates). Each student is to respond to four of these. All assignments relate directly to the course content, either as presented in class and/or as covered in assigned readings. Each paper will take the form of a two page, double-spaced, typed paper which directly addresses the question(s) posed. While it is certainly allowable for students to discuss these writing assignments with one another, final papers ought to be recognizable as the 'independent' work of the student submitting the writing assignment.

Papers are to be submitted electronically to craig.dunn@wwu.edu. The e-mail memo line as well as the MS Word file name MUST begin with the LAST NAME of the student and also include the course designation (MBA 525).

"I often find that we place a lot of emphasise on the board in terms of the directors and non-executive directors,
but what we tend to forget is the people who have to put the practices in place,
the managers and the staff below them."

-Lawrence Redford

TEAM CASE ANALYSIS:
Each student shall participate in a two-member team project, with the primary objective being to link theory and practice. In this project each team will be engaged in analyzing a contemporary corporate governance case using the principles and practices outlined in lecture and readings.

In so doing, each team is to prepare both a comprehensive written as well as an oral analysis of a corporate governance case of their own choosing, to include: (1) a statement identifying the governance issue; (2) listing of alternatives providing resolution of this governance issue; (3) analysis of proposed resolution(s) from the perspective of institutional, organizational as well as managerial theory; (4) selection of optimal resolution (with supporting defense from the institutional, organizational and managerial perspectives); as well as (5) suggestions for implementation. Any assumptions made must be clearly identified as such, but do not 'assume away' the dilemma--resolve it!

A 'Case Proposal' form is to be submitted by each team no later than the end of the second week of the course. Cases can come from any appropriate current source; the Wall Street Journal and Business Week are among the more popular periodicals for sourcing corporate governance cases. Cases are to be presented during the class session for which the topic most directly relates to the case issue (see course schedule for specific topics).

Reporting will take the form of a 20-30 minute oral presentation followed by a 10-15 minute question and answer session. Be creative. Prepare the analysis as if you were presenting the information to any fitting audience you explicitly identify, to be role-played by those students not in your team (who will be accountable for posing relevant questions to the presenting group). Areas considered (in addition to those previously or subsequently mentioned) in grading the team project are listed in the table below.

o timeliness of case
o thoroughness of analysis
o use of governance theory to support arguments
o clarity and conciseness of arguments
o soundness of recommendations
o feasibilty of case resolution
o creativity of presentation

CONTRACT:
Outlined above are the course activities available to students. Ranges of possible points have been listed above. Each student is to fill out and return to the instructor a binding contract for work to be completed this term (see below). You are to fill out the number of points desired for each activity. The total number of points must total 100. Points for each activity will range from 20-50% of the course grade, depending upon the individual assignment and weightings. Points must be selected in increments of 5.

For example, a student may choose to minimize the points on the team case analysis by completing all other assignments at the maximum points possible:

o Reflective Journal 20 points
o Seminar Presentation 30 points
o Writing Assignments 30 points
o Team Case Analysis 20 points

In all cases, class participation is mandatory. Failure to attend scheduled class sessions may be reflected in final course grading.

To send your MBA 525 contract, fill out the following form thoroughly and completely. This form must be submitted electronically. A confirmed copy of each contract will be returned to each student by the end of the first week of class.

Management 525 Contract:

The following agreement is entered into by the designated MGT 525 student and Professor Dunn for work to be completed Spring term, 2010. It is understood that this agreement is not subject to change. Additionally, course participation (or lack thereof) may be reflected in final course grading.

Section #
22941

First Name: Last Name:

Western ID:

Complete E-mail Address:

Point Objective for Reflective Journal:

Point Objective for Seminar Presentation:

Point Objective for Writing Assignments:

Point Objective for Team Case Analysis:

Please make certain the above point objectives total 100.

By sending this form, you agree to be evaluated on the basis of this contract as well as by the terms of the course as outlined in this syllabus.

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