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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Corporate Governance (CMSE11482)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryThe recent financial crisis and major business scandals reminded the public the importance of corporate governance and business ethics in investor protection and well-being of the capital markets. The aim of the course is to provide an introduction to the important theories of corporate governance. The course will cover the topics on corporate board, ownership structure, CEO pay and turnover, institutional investor, regulatory reforms and corporate social responsibility.
Course description Given the dramatic development of emerging markets such as China and India, the course also focuses on the comparative aspects of corporate governance and on the different legal regimes found in different parts of the world. This module aims to equip students with a critical understanding of the important themes in corporate governance and business ethics.

Outline Content:
Theoretical aspects of corporate governance
Executive Compensation and Turnover
Directors and Board Structure
Ownership structure
Institutional investors
Family-owned firms
Development of corporate governance codes
Stakeholders and social responsibility
Financial reporting quality
Research methods in corporate governance

Student Learning Experience:
The learning occurs primarily through reading and thinking about the academic articles or chapters of books recommended and discussion in class when appropriate or with classmates. This reading is supported by the programme of five lectures, in each of which an overview of the topic is presented and the main issues are summarised. All students are expected to actively participate in class discussion.

Learning takes place in the following stages. Prior to each session students are required to complete the required reading. During the session the bullet points on the slides will be used to focus the discussion and to help to summarise key issues. As the structure of the course is designed to be cumulative students will be expected to bring their learning and insights from previous sessions to bear on subsequent sessions.

Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2020/21, Not available to visiting students (SS1) Quota:  None
Course Start Block 3 (Sem 2)
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Lecture Hours 15, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 83 )
Assessment (Further Info) Written Exam 100 %, Coursework 0 %, Practical Exam 0 %
Additional Information (Assessment) Examination (Individual) 100% - assesses all learning outcomes
Feedback Students are strongly encouraged to obtain feedback by asking/answering questions in class, and participating in class discussions. There will be general feedback on the final exam.
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)CMSE11482 Corporate Governance2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. Understand and critically discuss the role of corporate governance in firms where there is separation of ownership from control.
  2. Understand and critically discuss the importance of corporate governance in sustainable development.
  3. Critically evaluate the relationship between various corporate governance regimes and different models of capitalist development.
  4. Understand and critically discuss different views of the nature and purpose of the public corporation and investor protection.
Reading List
Indicative Reading List:

Christine A. Mallin, 2010, Corporate Governance, 4th Edition, Oxford University Press
Additional Information
Graduate Attributes and Skills Intellectual Skills
Having successfully completed this module, students will be able to:
-Explain and critically analyse the legal, societal and governmental aspects of corporate governance;
-Understand the role of board structures in corporate governance;
-Evaluate whether executive compensation arrangements are properly used to mitigate the agency problem
-Understand the role of capital markets in aligning the interests of managers with shareholders;
-Compare Anglo-Saxon systems of corporate governance systems with those of Emerging Financial Markets such as China and India.

Personal development and subject specific skills
Having successfully completed this module, students will be able to demonstrate:
-Analytical and critical skills;
Students are strongly encouraged to obtain feedback by asking/answering questions in class, and participating in class discussions. There will be general feedback on the final exam.
KeywordsNot entered
Course organiserDr Wenxuan Hou
Tel: (0131 6)51 5319
Course secretaryMrs Kelly-Ann De Wet
Tel: (0131 6)50 8071
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