Course description

Here is the course description for the Nordic Corporate Governance course.

Course description

The aim of this course is to increase the students’ knowledge in Nordic CG and in the difficult trade-offs that characterize CG in practice. It also strives to develop activecollaboration between future CG experts in the Nordic countries. The contents will be centered on Nordic case studies. The course will be organized as a joint project involving CG experts from Copenhagen, Helsinki, Oslo and Stockholm. The focus will be on one major case in each of the Nordic countries. Two-day workshops will be organized in each of the countries, where the local CG case will be intensively discussed and four competing groups (one student from each country) will prepare a case report of 10-12 pages. The selected case studies will focus on real life CG issues in a company
headquartered in that country. Discussions with people from the case company will be arranged during the workshop, and faculty will be involved for consultation by participants. The number of participants will be four Master’s students/country, chosen by merit from submitted applications.

Learning goals

Participants will learn the specifics of corporate governance in Nordic companies and gain experience of how to handle real life CG issues in large listed companies.

International set-up

The course is organized as a joint project involving CG experts from Copenhagen, Helsinki, Oslo and Stockholm. The project work is done by mixed student groups (one student from each country).

Estimated work load from participants

160 hours divided into
Scheduled (contact) hours: 60
Non-scheduled work: 100


Participants are required to familiarize themselves with these texts in advance. A brief introductory exam is recommended.

Per Lekvall (ed.) (2014) : The Nordic Corporate Governance Model, SNS Stockholm., 284 p.

Jean-Paul Page (2005): Corporate Governance and Value Creation, Research
Foundation of CFA Institute, CFA Research Foundation Publications, 77 p.

Jean Tirole (2005): The Theory of Corporate Finance, Chapter 1: Corporate
Governance, 59 p.

Bengt Holmström (2006): Pay Without Performance and the Managerial Power
Hypothesis: A Comment. Available at SSRN: or

Case specific readings will be added by faculty.
Participants will receive a list of additional recommended readings.