Professional Master's in Corporate Governance
Professional master's program at FMU, with a dissertation on information asymmetry between CEO and board. This research is the source of the paper accepted at EnANPAD 2026 and of the international version now in preparation.
- Institution
- Centro Universitário FMU | FIAM-FAAM — São Paulo/SP
- Period
- 2024 — 2026
Research
- Dissertation
- Information asymmetry between CEO and board — an integrated analysis of the phenomenon and its impact on the quality of strategic decisions
- Advisor
- Prof. Dr. Leonardo Fabris Lugoboni
Dissertation abstract
Information asymmetry between the CEO and the Board of Directors constitutes one of the main challenges in contemporary corporate governance. When the executive selectively controls the information flow, the board's deliberative capacity is compromised, leading to strategic decisions based on incomplete perceptions of organizational reality. This dissertation aims to investigate how informational asymmetry between the CEO and the Board influences strategic decisions. The specific objectives propose to: (a) identify the main sources of informational asymmetry between the CEO and the Board; (b) examine how strategic information is shared in the decision-making process between the CEO and the Board; and (c) describe the corporate governance mechanisms that contribute to reducing this asymmetry. The research adopts a qualitative and exploratory approach, using semi-structured interviews applied to CEOs and board members of medium-sized Brazilian companies. Data will be examined through content analysis, with the expectation of identifying that informational asymmetry is perceived differently by CEOs and board members, that the sharing of strategic information is mediated by relational and temporal factors, and that mechanisms such as specialized committees, prior executive meetings, and tacit information leveling practices contribute to mitigating this asymmetry. The results intend to offer theoretical and practical insights for the improvement of corporate governance processes in the Brazilian context.
Keywords. Information Asymmetry; Corporate Governance; Strategic Decisions; Boards; Chief Executive Officer (CEO)
Qualifying exam committeeMay 5, 2026
Degree requirements
- Two accepted articles, one of them a technical report.
- One technical work.
- Complementary academic activities worth at least two credits: attending events in the field, supporting research, taking part in a research group, and attending graduate defense committees.
Coursework
- Courses
- 8
- Credits · hours
- 24 · 360h
- Dissertation
- 10 · 150h
- Complementary
- min. 2
Milestones and deadlines
- April 30, 2026Qualifying exam submission
- June 30, 2026Qualifying exam committeeWithin thirty days of submission.
- October 30, 2026Defense submission
- December 20, 2026Dissertation defense
- Teorias e Conceitos de Governança Corporativa60h
- Metodologia de Pesquisa30h
- Técnicas de Pesquisa30h
- Métodos Quantitativos30h
- Gestão Corporativa de Finanças e Controladoria30h
- Riscos Corporativos e Criminal Compliance30h
- Seminários de Linhas de Pesquisa60h
- Seminário de Dissertação30h
Calendar
Mar–Dec 2026 — classes at FMU and the qualifying exam and defense deadlines
- Required course
- Elective course
- Program deadline
Hover over or tap a highlighted day to see the course, the professor and the schedule.
2026
March
April
May
June
July
August
no classes
September
no classes
October
November
no classes
December
Dates come from FMU's 2026.1 class calendar for the Master's in Corporate Governance, cohort 4 (2024.2). The qualifying exam and defense deadlines follow the program's rules and deadlines document. Earlier semesters do not appear here: the courses taken are listed in the coursework above. Dates are subject to change during the program.
Diploma
The diploma will be published here once the program is completed.