We have observed a number of financial crisis in the past. The financial crisis can to some degree be attributed to weaknesses in corporate governance systems. Various studies suggest that the causes of the global financial crisis stem not only from weak regulatory framework at the national and international levels, but also from poor corporate governance practices as witnessed in the risk management standards in many banks. One of the causes of the financial crisis was the poorly designed executive compensation packages that lead to excessive risk taking. Thus, leading regulators called for stricter rules for risk-taking, improved corporate governance mechanisms that align compensation with long-term performance, and greater transparency in corporate governance. Needless to say, the causes of the crisis are complex and the cures for them are multifaceted: Bank's corporate governance system differs from other industrial firms and its activity has a tint of public nature. Their stakeholders vary more widely than those of other firms, including not only shareholders, but also depositors and the general public. Various measures have been proposals so far to strengthen corporate governance of banks with a view to prevent the recurrence of the financial crisis. The remedies are ready, but important thing is whether they have taken necessary steps and they are functioning or not.

• Corporate governance in banks and non-bank corporations: a search for differences

• Board of directors in banks

• Director remuneration in banks

• Independent directors in banks

• Risk governance and control in banks

• Corporate governance in banks: the main framework for reforms



Prof. Alexander N. Kostyuk, PhD

Wilhelm-Rieger Gastprofessur & Ukrainian Academy of Banking of the National Bank of Ukraine


• Masterstudierende mit spezifischen Vorkenntnissen im Bereich der Corporate Governance (insb. FACT, Management, International Business Studies)



• Mo 14.01.2013, 13:15-16:30, LG 5.154 / Di 15.01.2013, 13:15-16:30, LG 0.225 / Mi 16.01.2013 & Do 17.01.2013, 09:45-13:00, LG 5.155 / Fr 18.01.2013, 09:45-14:45, LG H2


Ablauf & Formalia

• Um Voranmeldung (Name, Vorname, Studiengang, Matrikelnummer) wird aufgrund begrenzter Teilnehmerzahl bis 15.12.2012 gebeten an: markus.stiglbauer[at]; die endgültigen Teilnehmer werden am 16.12.2012 unter 'Aktuelles > aus Studium und Lehre' bekanntgegeben

• Wertigkeit des Moduls: 5 ECTS

• Unterrichtssprache: Englisch

• Zurechnung im Master FACT: Aktuelle Fragen aus FACT (FACT I, FACT III); 2 * 2,5 ECTS

• Am Semesterende findet eine 90-minütige Klausur statt; Klausurtermin: 04.02.2013, 11:30-13:00, LG 0.144