Markus Schmid is a Professor of Corporate Finance at the Swiss Institute of Banking and Finance, University of St. Gallen. He studied economics and business administration at the University of Basel and holds a PhD in finance from the very same University. He previously held positions as an Assistant Professor of Finance at the University of St. Gallen and as an Associate Professor of Finance at the University of Mannheim. He spent several terms as a research scholar at Leonard N. Stern School of Business, New York University. His research interests are mainly in the areas of empirical corporate finance, corporate governance, and household finance. From 2010 to 2012 he was co-editor and as of 2012 he is the managing editor of Financial Markets and Portfolio Management, the journal published by the Swiss Society for Financial Market Research.
This course deals with the concept of corporate governance, focusing on different types of properties, the composition of the board, the remuneration of executives and how to determine the value of a firm. The course will introduce participants to concepts such as international models of corporate governance, the effects of the separation of ownership and control, the Enron scandal in the United States, the Sarbanes-Oxley Act, the action plan for financial services and the main EU directives.