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Firms face complex problems of governance and increasing scrutiny. The course will explain the function and features of corporate governance and key corporate governance theories. It will analyse the roles of board members and why good corporate governance practices are important for businesses. In particular, the course will discuss the implications of board membership composition for firms; why independent directors on boards are crucial; how committees are structured; the distinctive function of a CEO and Chairman, among others. It will also highlight corporate governance in an era of 'social responsibility'.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Understand how the interaction of governments and NGOs impacts on relations between international firms and their stakeholders;
- Understand the importance of reputation risk for international firms and how it can be managed;
- Understand how international firms have identified and responded to governance failure;
- Understand how the aligning of ethics, environmental responsibility with strategic decision making in an international firm can enhance long term value;
- Analyse and synthesise different theories, models and ideas relevant to issues of governance in an international context;
- Appropriately apply these theories, models and ideas to different scenarios as presented in case studies and class materials;
- Critically evaluate usefulness of the different theories, models and ideas in addressing problems of international governance.
On successful completion of this subject, students should have improved the following generic skills:
- High level of development;
- Oral and written communication;
- Collaborative learning & team work;
- Problem solving;
- Application of theory to practice;
- Interpretation and analysis;
- Critical thinking; and
- Receptiveness to alternative ideas.
Last updated: 21 November 2019