Education

University of Oxford, Saïd Business School, United Kingdom, From January 2009 till May 2010

Oxford Diploma in Financial Strategy

Subjects: Strategic Management, two Finance modules and Management Control Systems. Range of interest: Corporate Governance & Strategic Finance Management. Final Project: A Review of Recent Corporate Governance Proposals in Financial Institutions. Supervisor of the final project: Alan D. Morrison, Professor of Finance and Academic Director for the Diploma.

The final project deals with the principle-agent problems and moral hazard that are treated as a core of the Global Financial Crisis. This topic is one of the broadly discussed issues between business leaders, political and regulatory leaders nowadays and the main theme of the World Economic Forum in Davos in 2010. Entrenched problems in corporate governance intensified international organizations to share good governance practices and work alongside the improvements of corporate governance standards that minimize conflicts of interest between principal and agents through control systems, regulations and incentives.

A Review of Recent Corporate Governance Proposals in Financial Institutions analyses the global findings and key messages associated with corporate governance and the financial crisis that were disclosed in the OECD reports, examines practices of corporate governance in US and European banks and considers UK government’s initiatives such as The Walker Review: A Review of Corporate Governance in UK Banks and Other Financial Industry Entities; The Turner Review: A Regulatory Response to the Global Banking Crisis; The FSA: Strengthening Liquidity Standards; The FSA: Reforming Remuneration Practices in Financial Services; The FSA: Capital Planning Buffers; The FRC: 2009 Review of the Combined Code and other complementary actions to enhance corporate governance standards.

It could be mentioned that the main focus to tackle principal-agent problems lay down on boards’ independency and qualification, risk adjusted strategic finance management, remunerations’ alignment with long-term rather than short-term performance, and fulfilment of shareholders’ rights. However, despite of global intentions to strengthen cooperation and regulations, leadership and human behaviour remain the most significant factors that affect decisions on investors’ wealth.

Kaunas University of Technology, Lithuania, From September 2001 till July 2003

Master of Science Qualification Degree in Management and Business Administration (equivalent to MBA). Specialization – Finance Management.

Main compulsory subjects: Management of Financial Institutions, Regulation of State’s Finance, Investment Management, Financial Analysis of Company’s Activities, Management of Company’s Finance, Finance Strategic Management, Forecast of Business Environment, Project Management. The Master’s Final Thesis of 20 credits (800 work hours) extent the Construction Projects’ Bid Price Determination Models were prepared and maintained with the excellent (10) evaluation. Supervisor of the Master’s Final Thesis: Assoc. Prof. Asta Vasiliauskaitė, Head of Finance Department, Economics and Management Faculty.

Kaunas University of Technology, Lithuania, From September 1997 till July 2001

Bachelor of Science Qualification Degree in Industrial Engineering

The qualification examination of 2 credits (80 work hours) extent was passed with a very good evaluation (9). Optional subjects were Accounting, Basics of Finance, Marketing, Marketing Research, Personnel Management, Micro- and Macroeconomics. These studies were finished successfully and became a link to the postgraduate Management and Business Administration studies.