MANG3021 Corporate Governance
Module Overview
The module provides an introduction to corporate governance from organisational, economic and accounting perspectives.
Aims and Objectives
Module Aims
to provide the following learning outcomes.
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- the role of corporate governance in firms where there is separation of ownership from control;
- the importance of corporate governance in sustaining competitive advantage;
- how to think about governance through the identification and analysis of the firm’s business model.
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- assess the role of capital markets in aligning the interests of managers with those of owners;
- understand the relationship between strategy and the role of board structures in corporate governance;
- evaluate how executive compensation arrangements are used to align the interests of managers with those of owners;
- compare Anglo-Saxon systems of corporate governance systems with those of Japan, Germany and Emerging Financial Markets;
- use models to explore the structure of business decision making and its relationship to corporate governance.
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- analytical and critical skills;
- presentation skills;
- interpersonal skills.
Syllabus
• Introduction. • The market for corporate control and organisational solutions to problems of team production. • Board structure; Institutional investors and Executive compensation. • Corporate governance in the UK; The proprietary perspective of British business. • Does foreign ownership matter? • The family and the firm. • Comparison of Anglo-Saxon systems of corporate governance systems with those of Japan, Germany and Emerging Financial Markets. • The role of corporate governance in sustaining competitive advantage. • The link between strategy and governance. • Routines, capabilities and business models. • Resource based view of the firm.
Learning and Teaching
Teaching and learning methods
The module follows a double lecture plus one class per week structure. The lectures will introduce you to material. Classes will provide a forum in which some of the key issues can be explored in depth, and will use case studies as appropriate. The classes make extensive use of case studies of major corporate governance failures, reforms, and relevant current events. Students are expected to read the relevant case material and come to class prepared to discuss the material.
| Type | Hours |
|---|---|
| Follow-up work | 36 |
| Preparation for scheduled sessions | 80 |
| Lecture | 24 |
| Seminar | 10 |
| Total study time | 150 |
Resources & Reading list
Mallin. Corporate Governance.
Salomon. Corporate Governance and Accountability.
Assessment
Formative
Class discussions
Summative
| Method | Percentage contribution |
|---|---|
| Essay (2500 words) | 30% |
| Examination (2 hours) | 70% |
Repeat
| Method | Percentage contribution |
|---|---|
| Examination (2 hours) | 100% |
Referral
| Method | Percentage contribution |
|---|---|
| Examination (2 hours) | 100% |
Repeat Information
Repeat type: Internal & External
Linked modules
Prerequisites: MANG1001 Financial Accounting 1 or MANG2014 Accounting and Finance for Non-Specialists:
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 mandatory/additional reading 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.