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721128S Corporate Governance, 6 ECTS cr 
Code 721128S  Validity 01.08.2010 -
Name Corporate Governance  Abbreviation Corporate Gover 
Scope6 ECTS cr   
TypeAdvanced Studies Discipline6312 Accounting 
  Grading1 - 5, pass, fail 
Unit Oulu Business School 

Kallunki Juha-Pekka 

ECTS Credits 

6 credits

Language of instruction 



Period 2 (2nd year)

Learning outcomes 

After passing the course, students are familiar with the agency theory and its various research and practical implications. They are also familiar with the elements of the governance system of the firm, are able to recognize the warning signs of the potential collapse of the governance system, can assess the features of different executive incentive system, and are able to recognize situations of likely accounting fraud. Students can act responsibly in difficult situations of being asked to act dishonestly. Finally, students are familiar with the practices of societally and environmentally sustainable business conduct and able to act professionally in teams, express their ideas analytically and effectively both in written and oral form.


Lectures, case discussions and presentations, and videos simulating governance-related decisions.

Mode of delivery 

Face-to-face –teaching, case presentations and discussions.

Learning activities and teaching methods 

36 h of lectures, 6 h of class discussions/student, case works 50 h, self-study 70 h.

Target group 

Accounting (Finance, Economics) Major students.

Prerequisites and co-requisites 

Not applicable.

Recommended optional programme components 

Not applicable.

Recommended or required reading 

Kenneth Kim, John Nofsinger and Derek Mohr (2010), ’Corporate Governance’, 3rd Edition, Pearson Prentice Hall; lecture notes; research articles; and cases.

Assessment methods and criteria 

Exam and case works.


The course utilizes a numerical grading scale 1-5. In the numerical scale zero stands for a fail.

Person responsible 

Professor Juha-Pekka Kallunki.

Working life cooperation 

Lecturer of Practice Pertti Huuskonen teaches a part of the course. Visiting Professor Henrik Nilsson (Stockholm School of Economics) teaches another part of the course. The course focuses heavily on working life skills on how students should react in challenging corporate governance situations in organizations.

Other information 

The number of students is limited.


Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
Registration Corporate Governance  Course  Kallunki Juha-Pekka  01.11.21 -24.12.21

Future examinations
No examinations in WebOodi