The main purpose of this course is to provide the students with in-depth understanding of the role of publicly reported financial accounting information in the governance processes of corporations. The first part focuses on the issue of corporate governance, which encompasses the internal policies and practices by which a company is operated and controlled on behalf of its shareholders. The advantages of sound corporate governance are discussed as well as a good system of corporate governance that helps maintain the confidence of investors, which allows companies to raise capital efficiently. The second part concentrates on the research that examines the role of accounting information in specific governance mechanisms.