Corporate Governance and Corporate Finance Spring semester 20092010

Corporate Governance and Corporate Finance Spring semester 2009/2010 academic year Instructor: Alexander Bukhvalov, Pricewaterhouse. Coopers Professor of Finance, Department of Finance and Accounting E-mail: bukhvalov@gsom. pu. ru Web site: http: //bukhvalov. som. pu. ru Contact hours: Tuesday, 16. 30 -18. 00, room 217

Timeline of the Course Proposal for individual case: company & problem: 16. 02, consultation hours Midterm: 10. 03, cumulative grade for current activities (papers only), no additional test Individual presentations: 25. 03 and 30. 03 (15 minutes for presentation + 5 minutes for questions and discussion), ppt and doc files should be submitted by 31. 03 at their final form

Timeline of the Course Final exam: 05. 04, take-home Internet exam, starts at 11 a. m. on 05. 04, paper should be sent to bukhvalov@gsom. pu. ru by 11 a. m. on 6. 04

Individual Presentation • Choose company • Search through public sources in Internet for a CG problem (see Lecture Notes 1) • Confirm your choice with the lecturer (obligatory), see Timeline • Students should submit two files: ppt file of presentation and doc file with more complete description; detailed references to the sources are obligatory in doc file • It is not expected that this is a research paper but even with the known materials you should provide explanations in the framework of CG (usually this is not in mass media). Cases, well-documented in academic literature, are not accepted • Contents: brief presentation of a problem, company description (as needed), problem/conflict description (including timeline), interpretation in CG framework

Case Acquisition: Oracle’s takeover of People. Soft • SAP, Oracle and People. Soft • Process of takeover • Defenses, CEO steps down • Consequences for stakeholders

CG Systems • • Anglo-Saxon Germany and Japan Emerging economies Roles of stock market and Bo. D