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AC.F607: Corporate Governance


Department: Accounting and Finance NCF Level: FHEQ/QCF/NQF7//RQF7
Study Level: Postgraduate (Masters level) Credit Points: 15
Start Date: 14-01-2019 End Date: 22-03-2019
Available for Online Enrolment?: N Enrolment Restriction: Fully available to all students
Module Convenor: Mr BW Miller

Syllabus Rules and Pre-requisites

CMod description

  • By the end of the course, students should have the theoretical and analytical tools to make sound business decisions in an international setting.

     

Curriculum Design: Outline Syllabus

  • The course will cover a selection of contemporary issues in corporate governance including:

    • Goals of corporate governance and agency theory
    • International corporate governance
    • Boards of directors: duties and liabilities
    • Boards of directors: structure and consequences
    • Labor market for executives and succession planning
    • Executive compensation and incentives
    • Executive equity incentives
    • Financial reporting and the external audit
    • The market for corporate control
    • Institutional shareholders and activist investors
    • Ratings agencies
    • Corporate governance in Asia
  • 75% Exam
  • 25% Coursework

Assessment: Details of Assessment

  •  

    Coursework (Participation and Team Project) (25%) All course sessions involve active classroom discussion based on the readings and cases, with a focus on both the theoretical questions and practical implications. Regular participation in discussions is expected, and the readings and cases for every class session should be carefully prepared.

    Students will produce a team project. The team project requires students to select a topic of interest and is an opportunity to get a deeper grounding in a specific area of the course. The project should be developed throughout the course. The final assignment should be about 10 double-spaced sides, excluding references, exhibits etc. In addition, each team will make a presentation in the last sessions of the term. Both the write-up and the final presentation will contribute to the overall grade.

    Exam (75%) The end of module exam is expected to be 120 minutes in duration (plus 15 minutes reading time) and will examine students on the content of the course.v

Educational Aims: Subject Specific: Knowledge, Understanding and Skills

  • Subject Specific: Knowledge, Understanding and Skills:        

    • Introduce students to theories of corporate governance
    • Discuss theoretically the ownership and control of firms
    • Discuss the role of boards of directors
    • Discuss the importance of ownership
    • Evaluate the role of incentives and strategy in organizations
    • Discuss corporate governance in a global context

    General: Knowledge, Understanding and Skills:    

    • Prepare students for leadership roles in firms as CEOs, entrepreneurs or senior managers. We will learn about the core issues that leaders face in managing investors and other stakeholders, and the strategies that they can pursue to manage them.
    • We will learn the tools that are available to investors to control companies, and the problems that they can face.
    • Educate students in the responsibilities they may face as directors of companies, and how they can be effective in these roles.
    • Give students an overview of how business activities fit into broader society, by discussing who should control the firm, and the goals they should pursue.v

Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills

  • Subject Specific: Knowledge, Understanding and Skills:   

    On successful completion of this module students will be able to understand the following key corporate governance issues:

    • The nature of the goals of the firm and corporate governance theory
    • International corporate governance and governance arrangements in the USA, Europe and Asia.
    • Understand the role of the boards of directors
    • Evaluate the effects of corporate boards on organizational performance
    • Understand the operation of the executive labor market, and the role of CEO succession and talent management.
    • Understand the design of executive compensation as a way of motivating CEOs and solving agency problems
    • Understand CEO incentives and ownership.
    • Discuss and evaluate corporate social responsibility in the wake of corporate scandals.
    • Understand the role of financial reporting and the external audit in corporate governance
    • Evaluate the market for corporate control as a governance mechanism
    • Evaluate the role of institutional shareholders and activist investors in corporate governance
    • Describe and assess the role of corporate governance in China

    General: Knowledge, Understanding and Skills:            

    On successful completion of this module students will be able to:

    • Demonstrate a developed knowledge and understanding of organization theory.
    • Demonstrate puzzle-solving skills in relation to organizational economics and corporate governance.
    • Be able to understand wider debates about the appropriate roles of organizations and their governance in society.
    • Appreciation of problems faced by boards of directors in running companies.
    • Understand more fully major contemporary debates about the governance of firms and the associated government regulations.

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