Introductory description

The aim of this module is to provide students with a comprehensive understanding of the role of corporate governance in aligning the interests of managers, shareholders, and other stakeholders.

Module aims

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.

This module provides an overview of corporate governance and stakeholder engagement, covering essential topics such as board composition, executive compensation, shareholder activism, corporate reporting, etc. Students will explore theoretical frameworks and strategies for building and maintaining positive relationships with diverse stakeholder groups.

Learning outcomes

By the end of the module, students should be able to:

• Demonstrate an understanding of corporate governance theories, principles, and mechanisms, and their application in managing organizational and stakeholder interests.
• Engage in discussions on corporate governance best practices, ethical considerations, and the societal roles and responsibilities of organizations
• Reflect on the importance of governance mechanisms in managing financial, ethical, and operational risks while balancing stakeholder expectations.
• Identify and discuss the potential unintended consequences and implications of governance reforms and practices in varying social, political, and economic contexts.
• Apply critical thinking, judgment, and decision-making skills to analyze governance issues, considering both theoretical perspectives and practical implications for stakeholders.
• Assess governance structures, stakeholder engagement practices, and accountability measures in diverse business scenarios, considering regulatory impacts and stakeholder expectations.

Indicative reading list

The main textbook will be the following (E-book can be accessed via The Library):

Larcker, D., & Tayan, B. (2020). Corporate governance matters: A closer look at organizational choices and their consequences. Pearson education.

In addition, the students can use several other textbooks and academic articles. For example:

Goergen, M. (2018). Corporate governance: A global perspective. Cengage learning.
Jensen, M., & Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs, and capital structure. Journal of Financial Economics, 3, 305-360.
Thomsen, S. & Conyon, M. (2012). Corporate governance: Mechanisms and Systems. McGraw hill.
More papers and resources will be provided during the module.

Research element

This module incorporates a research element, enabling students to investigate theories, best practices, and case studies related to stakeholder engagement in corporate governance. Students will analyze academic literature, industry reports, and case studies to develop evidence-based recommendations for effective stakeholder engagement strategies, critically evaluating and contributing to the field.

Interdisciplinary

This module presents interdisciplinary opportunities by drawing upon law, accounting, The module offers interdisciplinary opportunities by integrating insights from law, accounting, finance, economics, and management. Students will explore legal frameworks, financial implications, economic principles, ethical considerations, and societal impacts to develop a comprehensive understanding of corporate governance and stakeholder engagement practices.

International

The module incorporates international perspectives, exploring global governance challenges and stakeholder engagement practices. Students will analyze the impact of cultural, legal, and economic factors on corporate governance and stakeholder dynamics in diverse business contexts worldwide.

Subject specific skills

Synthesize information and concepts from various sources to make informed and ethical decisions in corporate governance practices that prioritize stakeholder interests.
Evaluate the effectiveness of various corporate governance mechanisms in aligning stakeholder interests and creating long-term value.
Conduct research into contemporary corporate governance and stakeholder engagement topics using university resources and databases.
Communicate research findings, ideas, and analyses on stakeholder engagement within academic and professional settings.

Transferable skills

Work effectively in diverse teams, contributing to discussions and debates on governance best practices, ethical considerations, and stakeholder interests.
Written communication