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

Postgraduate Course: Shareholder value and ESG (CMSE11621)

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
SummaryESG (environmental, social and governance) has become increasingly important due to a growing awareness of the impact of socially responsible business practices on long-term shareholder value. Governments and regulators are also promoting ESG by implementing policies and regulations that encourage companies to adopt sustainable practices. The pandemic has further highlighted the importance of ESG as the way companies respond to the crisis can have significant consequences for their stakeholders and society at large. This course will focus on the impact of ESG on shareholder value and investor protection.
Course description The course introduces key theories and methodologies related to investor protection and ESG. It will then apply the theories to understand the critical issues faced by CEOs, boards, shareholders, legal institutions and others. In addition to listed companies, this course will also cover fintech markets and small companies from emerging markets. Examples of topics include the CEO pay gap, gender and ethnic diversity on boards, legal institutions and investor protection, among others. This module aims to provide students with a critical understanding of the important issues of investor protection and ESG.

Student Learning Experience

Students participate in an interactive learning experience through a combination of lectures, independent reading of academic papers and relevant news articles, and class discussions on relevant topics. The reading list and lecture notes provide guidance for students to deepen their understanding of the material.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements We strongly recommend that students have a prior knowledge of statistics or finance & accounting.
Course Delivery Information
Academic year 2023/24, 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 20, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 78 )
Assessment (Further Info) Written Exam 100 %, Coursework 0 %, Practical Exam 0 %
Additional Information (Assessment) 100% Written Exam - Assesses all course Learning Outcomes
Feedback Formative: Feedback will be provided throughout the course.

Summative: Feedback will be provided on the assessment within agreed deadlines.
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)CMSE11621 Shareholder value and ESG2:00
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
Christine A. Mallin, 2010, Corporate Governance, 4th Edition, Oxford University Press
Additional Information
Graduate Attributes and Skills Knowledge and Understanding

After completing this course, students should be able to:

Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines; comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary and secondary research and sources of evidence in order to make, and present, well informed and transparent organisation-related decisions, which have a positive global impact.
KeywordsNot entered
Course organiserDr Wenxuan Hou
Tel: (0131 6)51 5319
Course secretaryMs Morgan Wilson
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