Corporate Financial Strategy in Global Markets

Maximise shareholder value 

Creating shareholder value is the key to success in today's marketplace. There is increasing pressure on executives to measure, manage and report the creation of shareholder value on a regular basis. But how can executives measure the impact their strategies and actions have on shareholder value and how do they ensure that everyone in the company contributes to the common objective of maximising shareholder value?

The Corporate Financial Strategy in Global Markets programme is designed specifically for experienced financial services and corporate finance executives. In nine intensive days, you will sharpen your expertise and focus on shareholder value creation. You will be provided with a financial framework to structure your strategic thinking and ensure your strategic decisions are based on rigorous cash-flow forecasts, together with accurate estimation and management of risk.

Key Benefits

• Develop the ability to measure the consequences of your strategic decisions for shareholder value
• Improve your understanding of how to increase the value of your company by appropriate investment, financing and restructuring decisions
• Increase your knowledge about the financial markets – particularly how the markets perceive your decisions and how you can change their perceptions
   

A view from INSEAD on:

• Corporate finance

Featured articles

Missing elements in the inequality debate
(INSEAD Knowledge - February 2012)
Furor over income inequality is gaining traction on campaign trails, protest movements and economic development agendas. But are they looking at the big picture?
Click here to read the article.

CEOs Should Refresh Their Finance Skills
(QFinance - January 2012)
Most CEOs could benefit from more finance training, argues Theo Vermaelen, and the first lesson they should relearn is that maximising shareholder value is not the same as maximising profits or the share price.
Click here to read the article.

Lessons From The New Financial Crisis
(The European Financial Review - December 2011)
Theo Vermaelen - Professor of Finance, The Schroders Chaired Professor of International Finance and Asset Management - writes that contrary to all beliefs that the financial crisis was coming to an end, it managed to surprise us yet once again only 3 years later. Who are we going to blame this time?
Click here to read the article.

Participants in the Corporate Financial Strategy in Global Markets programme experience the latest academic thinking and leave with tools and frameworks specifically designed to help them increase shareholder value within their organisations. During lectures from leaders in the field of finance from within the INSEAD faculty, interactive case studies and group work, the programme covers subjects including: 

• Valuation including investigation into Weighted Average Cost of Capital (WACC) and Adjusted Present Value (APV)
• Financing which looks at the impact of taxes, financial distress costs, agency costs and information asymmetries. As well as how derivatives and hybrid financing can improve capital structure.
• Asset restructuring to look at all forms of corporate restructuring, including Mergers and Acquisitions.
• Financial restructuring and trends such as leveraged buyouts and share buyouts.
• Value-based management and managerial incentives to understand what motivates managers to create shareholder value.
• Shareholder communication and how to communicate with capital markets through actions rather than words

Corporate Financial Strategy in Global Markets is designed for executives who possess a fundamental understanding of finance and want to sharpen or update their skills. It is also appropriate for executives who have recently transferred to the finance function and are in need of additional, highly specialised training.

Invariably diverse and international, the participant group can include executives from the following positions:

• Senior Vice Presidents
• Treasurers
• Directors of Finance
• Financial Analysts
• Financial Managers
• Directors of Mergers and Acquisitions
• Credit Analysts
• Heads of Accounting
• Portfolio Managers
• Senior Bankers
• Controllers
• Consultants
• Heads of Trading
• Heads of Strategy and Planning

“My expertise was in strategy and management consulting – so why did I need to know about finance?

That was what I thought when I first took on my role as a Senior Manager of Corporate Strategy and Planning. However, I soon realised that in a large organisation such as EADS, I needed a greater knowledge of finance so that the corporate strategies that I developed and implemented were profitable to the business.

But what did “profitable” really mean? I found out at INSEAD’s Corporate Financial Strategy in Global Markets programme. With the support of our management team, I attended this programme and acquired a deeper understanding of finance in relation to corporate strategy. And I understood how being profitable was more than just a numbers game; it meant taking a value-based approach to our portfolio assessment and selection of corporate investments.

Now, I have the theoretical and practical expertise to drive our organisation’s future growth by taking advantage of the global capital market. And I am passionate about doing it too.”

Senior Manager, Corporate Strategy & Planning
EADS
France

“The programme has taught me a lot about the main principles of corporate finance and how the various financing vehicles can be best evaluated to suit the company's needs. It was meaningful, interesting and refreshing.”

Financial Manager
ICI
Belgium

Great minds don’t think alike

INSEAD’s professors represent many cultures, disciplines, and perspectives. Led by acknowledged world experts in their own particular fields, programme faculty remain intimately close to business and most are engaged in cross-disciplinary research.*

	Theo Vermaelen Programme Director Professor of Finance The Schroders Chaired Professor of International Finance and Asset Management Theo Vermaelen teaches in MBA, PhD and Executive programmes. He is a graduate from the Department of Applied Economics at the Catholic University of Leuven (Commercial Engineer) and obtained an MBA and PhD in Finance from the Graduate School of Business, University of Chicago. Read more...
	Karel Cool Professor of Strategic Management The BP Chaired Professor of European Competitiveness		Pierre Hillion Professor of Finance The de Picciotto Chaired Professor of Alternative Investments Program Director of the INSEAD-Macquarie Master of Finance Chair, Finance Area
	Kevin Kaiser Professor of Management Practice		Massimo Massa Professor of Finance The Rothschild Chaired Professor of Banking Co-Director of the Hoffmann Research Fund

*programme faculty may change

Dates & Fees

Participants are advised to arrive the evening before as the programme starts early in the morning.

Please click here for more information about the terms and conditions.

For full details on how to apply, accommodation, and cancellation conditions please visit the Practical Information page

* Fee subject to change. For programmes delivered in France, VAT (19.6%) to be added for companies based in France, or for European companies where no VAT number is supplied. For programmes delivered in Singapore, GST (7%) to be added for Singapore-registered companies.