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MN50463: Corporate governance

Academic Year: 2018/9
Owning Department/School: School of Management
Credits: 6      [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 1
Assessment Summary: CW 25%, EX 75%
Assessment Detail:
  • Coursework (CW 25%)
  • Examination (EX 75%)
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.
Programme availability:

MN50463 is Optional on the following programmes:

School of Management

Notes:

  • This unit catalogue is applicable for the 2018/19 academic year only. Students continuing their studies into 2019/20 and beyond should not assume that this unit will be available in future years in the format displayed here for 2018/19.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Undergraduates: .
  • Postgraduates: .