IB9KB-15 Ethics, Financial Regulation and Corporate Governance
Introductory description
This module will be split into three parts to cover financial ethics, financial regulation, and environmental, social and governance issues.
Module aims
The first objective of this course is to introduce the concept of ethics and how it relates to the work that is done by finance professionals within financial institutions and companies. The second part will discuss the role of financial regulators who aim to make financial markets work well so that consumers get a fair deal, to enhance financial market integrity and to promote competition. The third part will focus on environmental, social and governance issues from an investor point of view.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
Ethics and ethical expression finance
The Giving voice to values approach
Agents, fiduciaries, and conflicts of interest
Dilemmas and Current scandals in finance ethics
ESG investing
ESG investing as risk management
Human rights, Environment, justice and sustainability
Financial Regulation and Ethics
Market integrity, competition and conduct
Financial regulation and misconduct
Learning outcomes
By the end of the module, students should be able to:
- Demonstrate a developed competence at expressing a values-based viewpoint in the workplace to stakeholders.
- Explain fundamental concepts in the ethical and political context of finance including stakeholders, utilitarianism, deontology, virtue, human rights, justice, and sustainability.
- Identify and explain the three main drivers (ethical, political, instrumental) for integrating ESG insights into investment (and therefore corporate) decision-making.
- Identify and explain the legal and professional consequences of misconduct, for example (not all covered), whistleblowing, fraud, bribery and corruption, money laundering and data protection laws.
- Critically assess ethical issues in finance and strategize solutions to them in practical terms.
- Analyse, critically evaluate and apply theoretical models, concepts, and tools shared throughout the course.
Indicative reading list
Boatright, J. 2013. Ethics in Finance (3rd ed.). Chichester, UK: Wiley-Blackwell.
Tricker, B. 2015. Corporate Governance – Principles, Policies and practice, (3rd ed.). Oxford: Oxford University Press.
Subject specific skills
Analyse and evaluate the role in society of banks, other financial institutions, and the impact of financial regulation on corporate behaviour.
Analyse and script ethical arguments.
Evaluate the impact of their firm and of those it helps finance on organizational stakeholders such as employees, customers, neighbouring communities, and the natural environment.
Analyse and evaluate the role of financial regulation in managing misconduct.
Transferable skills
Express and remain true to personal values in the face of workplace challenges by utilizing practical skills and strategies.
Demonstrate creativity and openness to new ideas
Study time
| Type | Required |
|---|---|
| Lectures | 4 sessions of 1 hour (3%) |
| Supervised practical classes | 24 sessions of 1 hour (16%) |
| Private study | 49 hours (33%) |
| Assessment | 73 hours (49%) |
| Total | 150 hours |
Private study description
Private study to include preparation for lectures and practical classes.
The first workshops will take place across weeks 0-2
The lectures will take place in term 2
The second set of workshops will take place in term 3. This may be held at an overseas partner location, depending on global circumstances.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
Assessment component |
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| Individual Assignment | 60% | 43 hours | Yes (extension) |
Reassessment component is the same |
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Assessment component |
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| Group presentation | 20% | 15 hours | No |
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Group presentation and/or presentation slides |
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Reassessment component is the same |
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Assessment component |
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| Class test | 10% | 7 hours 30 minutes | No |
Reassessment component is the same |
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Assessment component |
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| Class participation | 10% | 7 hours 30 minutes | No |
Reassessment component is the same |
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Feedback on assessment
Courses
This module is Core for:
- Year 1 of TIBS-N300 MSc in Finance
- Year 1 of TIBS-LN1J Postgraduate Taught Finance and Economics