Module BUSS3101: CORPORATE GOVERNANCE

Department: Business School (Business) [Queen's Campus, Stockton]

BUSS3101: CORPORATE GOVERNANCE

Tied To

• N102: Business with Placement Year
• N200: Business
• N201: Business and Management
• N202: Business and Management (with placement year) (see Undergraduate Handbook 2012-2013 for details)
• N300: Business Finance with Placement Year (see Undergraduate Handbook 2012-2013 for details)
• N400: Accounting
• N401: Management Accounting
• N402: Financial Accounting
• N420: Business Finance
• NN12: Masters in Business and Management
• NN24: Accounting and Management with Placement Year (see Undergraduate Handbook 2012-2013 for details)
• NN34: Accounting and Finance with Placement Year (see Undergraduate Handbook 2012-2013 for details)
• NN42: Accounting and Management
• NN43: Accounting and Finance

Pre-requisites

Corequisites

Excluded Combinations

Aims

• The module aims to analyse how corporate governance structures influence the behaviour of the actors inside an organisation. As both internal and external systems of corporate governance are explored, the module builds on the student's knowldege gained during their previous studies.

Content

• The historical development of the system of corporate governance in British companies.
• New Institutional Economic Theory (transaction cost theory, principal-agent theory, property rights theory) as an instrument to analyse corporate governance structures.
• The role of the Board of Directors and the Shareholders in the governance of companies.
• The functions of auditors and disclosure requirements in corporate governance.
• The development of codes of best practice for corporate governance.
• Corporate governance and the market for corporate control.
• Financial aspects of corporate governance.
• Financial markets, investment behaviour and international differences in systems of corporate governance.

Learning Outcomes

• To have a critical appreciation of the role and the development of corporate governance, including an awareness of international differences in systems of corporate governance.
• To be able to discuss in an informed way the development of corporate governance structures and the interdependance between corporate finance and corporate governance.

• Ability to apply institutional economic theories to the analysis of corporate governance mechanisms
• Ability to analyse interdependence between corporate governance and corporate finance with the help of institutional economic and financial theories

• Interpersonal and Written Communication - communicating ideas in exams
• Planning, Organisation and Time Management - e.g. by preparing for examinations.
• Problem Solving and Analysis - by applying the necessary analytical skills, as well as the ability to manipulate concepts in corporate governance, in undertaking assessed work.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Teaching is by lectures, seminars and support for student-centred learning. Learning takes place through attendance at lectures, preparation for and participation in seminars and private study (including student-centred learning). Formative assessment is by means of a group presentation and online quizzes. Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Contribution to a group presentation, equivalent to a 1500 word essay. Participation in online quizzes.