MANG6319 International Corporate Governance
Module Overview
Corporate Governance is an area that has grown rapidly in the last few years fuelled by high profile corporate collapses and financial crisis. The module builds on sound theoretical base to encompass the latest developments in the field worldwide. It takes an international approach to corporate governance, contextualising its development and providing a stimulating range of academic and empirical practitioner research, and topical case studies. It also introduces institutional and legal systems from both government and firm’s viewpoints that influence the effectiveness of corporate governance.
Aims and Objectives
Module Aims
This module aims to discuss financial economics theories which constitute theoretical foundation of corporate governance. The theoretical study is supported by empirical evidence worldwide in which corporate governance develops by examining institutional structure and capital market for various countries at macro level and the firms’ structure which influence the effectiveness of corporate governance at micro level.
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- Develop a critical understanding of the nature of modern corporations and the social, economic, political and legal systems that govern them
- Understand the financial economics foundation of corporate governance
- Examine similarities and differences across various national corporate governance systems
- Evaluate the institutional and legal environment of corporate governance setting
- Evaluate the regulations that govern corporate governance practice
- Recognise key pressures for reform in national corporate governance systems
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- Be able to apply financial economics theories to corporate governance issues and debate
- Appreciate the role corporate governance on business success and failure
- Appreciate some of the ethical issues that arise in relation to corporate activity
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- Problem solving
- Written and oral communication
- Critical evaluation
Syllabus
- The nature of modern corporations and the evolution of corporate governance - Theories of corporate governance - Development of corporate governance codes and corporate governance rating - Directors and Board Structure - Compensation for directors - Institutional investors and family-owned business - Effectiveness of internal and external auditing - International corporate governance development
Learning and Teaching
Teaching and learning methods
Teaching methods include: - Lectures Learning activities include: As part of the summative assessment, students are asked to submit a written group assignment, and present their findings in a group presentation. Short in-lecture quizzes and ad-hoc multiple choice tests may be used to provide students with feedback and self-assessment opportunities.
| Type | Hours |
|---|---|
| Teaching | 24 |
| Independent Study | 126 |
| Total study time | 150 |
Resources & Reading list
Nordberg, D. (2011). Corporate Governance: Principles and Issues.
Additional Reading. It is anticipated that key texts, reports, codes and articles will be placed on Blackboard and that further suggested reading will be announced in lectures. Students are expected to make extensive use of the electronic resources available through the University Library, and show initiative to locate relevant web based material.
Mallin, C (2012). Corporate Governance.
Journals. - Corporate Governance: An International Review - Journal of Finance - Journal of Accounting and Economics - Journal of Accounting Research - Journal of Financial Economics - Journal of Financial Research - Journal of Business Finance and Accounting - European Accounting Review - European Financial Management - Journal of Business Research
Solomon J (2013). Corporate Governance and Accountability.
Monks, R.A.G., and Minow, N. (2011). Corporate Governance.
Wearing. R (2011). Cases in Corporate Governance.
Assessment
Formative
Individual reflection
Summative
| Method | Percentage contribution |
|---|---|
| Assessment (2 hours) | 50% |
| Group Assignment (3000 words) | 40% |
| Group presentation (20 minutes) | 10% |
Repeat
| Method | Percentage contribution |
|---|---|
| Assessment (2 hours) | 100% |
Referral
| Method | Percentage contribution |
|---|---|
| Assessment (2 hours) | 100% |
Repeat Information
Repeat type: Internal & External
Costs
Costs associated with this module
Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.
In addition to this, students registered for this module typically also have to pay for:
Textbooks
Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the core/recommended text as appropriate.
Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.