Module ACCT3141: Corporate Governance

Department: Accounting

ACCT3141: Corporate Governance

Tied To

• N204: Accounting and Management with Placement Year
• N206: Accounting and Management with Study Abroad
• N302: Accounting and Finance with Placement Year
• N304: Accounting and Finance with Study Abroad
• N408: Accounting
• N409: Accounting with Placement Year
• N410: Accounting with Study Abroad
• NN42: Accounting and Management
• NN43: Accounting and Finance

Pre-requisites

Corequisites

Excluded Combinations

Aims

• The module aims to provide students with:
• an understanding of the history of corporate governance and the reasons for its continued development;
• knowledge of the key principles of best practice in corporate governance, with reference to the UK Corporate Governance Code;
• an insight into the governance and stewardship role of institutional investors;
• an understanding of the reasons for and impact of differences in systems of corporate governance globally;
• an ability to critically analyse and discuss an organisations corporate governance arrangements.

Content

• Introduction to Corporate Governance
• Regulation of Corporate Governance
• Board Leadership & Company Purpose
• Division of Responsibilities
• Composition, Succession and Evaluation
• Audit, Risk, and Internal Control
• Directors Remuneration
• International Corporate Governance

Learning Outcomes

• By the end of this module students should have a specialist knowledge and understanding of:
• theoretical frameworks that underpin corporate governance;
• regulation and legislation of corporate governance globally;
• characteristics and components of an effective board of directors;
• key roles within a board and their responsibilities;
• the need for a transparent appointment process to recruit board members;
• the role played by internal and external audit in corporate governance;
• the need for risk management and internal control systems;
• the importance and determination of board remuneration;
• the stewardship role played by institutional investors;
• the difference in corporate governance within a global environment.

• By the end of this module students should be able to apply their understanding of corporate governance in the analysis of board arrangements in different organisations.

• Written and verbal communication
• Planning, organisation and time management
• Problem solving and analysis

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

• A combination of workshops and guided reading will contribute to achieving the aims and learning outcomes of this module. Investigation of scenarios which underpin the workshops will encourage students to develop awareness of the potential effects of various corporate governance mechanisms.
• Formative assessment tests students understanding of corporate governance practice in simulated business scenarios.
• The summative assessment is by means of a written online 24-hour examination.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Mock exam