School of Management, Unit Catalogue 2009/10 |
MN50463: Corporate governance |
 Credits:
| 6 |
| Level:
| Masters |
| Period: | Semester 1 |
| Assessment:
| CW25EX75 |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| |
| Description: | Aims: The aim of the unit is to provide a broad introduction to corporate governance with legal, accounting, financial and economic dimensions. Learning Outcomes: By the end of the unit, students should be able to: 1) understand the theoretical basis of the principles and development of corporate governance; 2) describe the development of international regulation in the area; 3) evaluate the role of the board, institutions, debtholders and the market for corporate control as monitors of management; 4) discuss the conflicting issues arising from managerial incentive plans; 5) critically describe the events at Enron and the subsequent regulatory reactions in the US and UK; 6) discuss issues relating to corporate social responsibility. Skills: Analytical skills: defining the exposures facing an organisation and analysing the financial consequences of the various approaches to hedging and managing risk TA. Advocacy: being able to support an argument based on the facts and personal risk preferences TFA Professional/practical: learning about markets and instruments TA Key skills: analytical, numerical, organisational TFA Content: Agency theory; regulatory environment; role of boards, investors, debt holders; executive compensation; market for corporate control; international systems of corporate governance; corporate social responsibility. |