Advanced Corporate Governance
Business Ethics
Univ.-Prof. Dr. Marc Eulerich ￭Lehrstuhl Interne Revision ￭WS 2019/20
Literatur
•Farrar, J. (2008): Corporate Governance: Theories, Principles and Practice. 3. Aufl.
Oxford: University Press.
•Hommelhoff, P., Hopt, K. J., & Werder, A. v. (2010): Handbuch Corporate Governance:
Leitung und Überwachung börsennotierter Unternehmen in der Rechts– und
Wirtschaftspraxis. 2. Aufl. Stuttgart: Schäffer-Poeschel.
•Mallin, C. A. (2012): Corporate Governance. 4. Aufl. Oxford: University Press.
•Mintz, S. M., & Morris, R. E. (2013): Ethical Obligations and Decision Making in
Accounting. 3. Aufl. New York: McGraw-Hill Education.
•Monks, R. A.G., & Minow, N. (2011): Corporate Governance. 5. Aufl. West Sussex: John
Wiley & Sons.
•Welge, M. K., & Eulerich, M. (2014): Corporate-Governance-Management. 2. Aufl.
Wiesbaden: Gabler Verlag.
Univ.-Prof. Dr. Marc Eulerich Advanced Corporate Governance | WS 2019/20 2
Agenda
Univ.-Prof. Dr. Marc Eulerich Advanced Corporate Governance | WS 2019/20 3
Business Ethics
Board Diversity
Board Dynamics
Board Compensation
Codetermination
1
2
3
4
5
6International Corporate Governance Systems
Required Readings
Required Reading Business Ethics:
•Lehnert, K., Park, Y. & Singh, N. (2015). Research Note and Review of the Empirical
Ethical Decision-Making Literature: Boundary Conditions and Extensions. Journal of Business Ethics, 129, 195–
219.
Required Reading Board Diversity:
•Joecks, J., Pull, K. & Scharfenkamp, K. (2018). Perceived roles of women directors on supervisory boards:
Insights from a qualitative study. German Journal of Human Resource Management: 1-27.
Required Reading Board Dynamics:
•Heemskerk, E. M., Heemskerk, K. & Wats, M. W. (2017). Conflict in the boardroom: a participant observation
study of supervisory board dynamics. Journal of Management and Governance, 21, 233-263.
Required Reading Board Compensation:
•Paletta, A. & Alimehmeti, G. (2018). SOX Disclosure and the Effect of Internal Controls on Executive
Compensation. Journal of Accounting, Auditing & Finance, 33(2), 277-295.
Required Reading Codetermination:
•Chyz, J. A., Leung, W. S. C., Li, O. Z., & Rui, O. M. (2013). Labor unions and tax aggressiveness.
Journal of Financial Economics, 108(3), 675-698.
Required Reading International Corporate Governance Systems:
•Krenn, M. (2016). Convergence and divergence in corporate governance: An integrative institutional theory
perspective. Management Research Review, 39(11), 1447–1471.
•Velte, P. & Weber, S. C. (2011). Outsider– und Insider-Systeme der Corporate Governance. Zeitschrift für
Planung & Unternehmenssteuerung, 21, 473-482.
Univ.-Prof. Dr. Marc Eulerich Advanced Corporate Governance | WS 2019/20 5
1 Business Ethics
Introduction
Ethics refers to accepted principles of right or wrong that govern the conduct of a person, the
members of a profession, or the actions of an organization.
Business ethics are the accepted principles of right or wrong governing the conduct of
business people.
Ethical strategy is a strategy, or course of action, that does not violate these accepted
principles.
Univ.-Prof. Dr. Marc Eulerich Advanced Corporate Governance | WS 2019/20 7
Ethical Issues In Business
The most common ethical issues in business involve:
•employment practices
•human rights
