1. Teaching Corporate Governance Lori Verstegen Ryan Corporate Governance Institute San Diego State University

2. AACSB Recommendation “Ensure students are familiar with programs that support ethical conduct, such as U.S. Federal Sentencing Guidelines and Sarbanes-Oxley, the Cadbury Code in the United Kingdom, the King Report from South Africa, and similar regulations and recommendations from other parts of the world.”

3. Topics Corporate Governance Theories Key Players Sarbanes-Oxley and Listing Rules International Issues Not-for-profits

4. Corporate Governance Theories Agency Theory (Jensen & Meckling) Transaction-cost Economics (Williamson) Stakeholder Theory (Mitchell, Agle, Wood) Stewardship Theory (Davis, Schoorman, Donaldson)

5. Key Players

6. Sarbanes-Oxley and Listing Rules Sarbanes-Oxley –Requirements Auditor independence CEO/CFO certification –Backlash NYSE/NASDAQ Listing Rules –Majority of independent directors –Codes of ethics –Independent nominating and compensation committees (NYSE only)

7. International Issues Varying Governance Models Differing Levels of Development and Enforcement Codes and Guidelines Convergence or Divergence Cross-listing of Stock

8. Not-for-profits Less Powerful CEOs Voluntary Boards –Donors –Executive committees Impending “Sarbanes-Oxley” Regulation

9. Textbooks Monks & Minow, Corporate Governance Chew & Gillan, Corporate Governance at the Crossroads Colley et al., Corporate Governance Tricker, International Corporate Governance

10. Selected Books Roe, Strong Managers, Weak Owners Useem, Investor Capitalism Ward, 21 st Century Corporate Board

11. Selected Articles Brown & Caylor, Cremers & Nair Del Guercio & Hawkins, Romano Jennings Schwab & Thomas Ryan

12. Internet Sources Key-player Associations Third-party Monitors and Advisors Centers and Institutes Journals and Newsletters Sarbanes-Oxley and Listing Rules