Governance and Accountability

Module description

Summary:

The module aims to provide you with an understanding of the nature, principles, mechanisms and limitations of governance and accountability (GA) in contemporary business environments. Furthermore, the module aims to enable you to understand how different institutional settings influence the way the corporation-stakeholders relationship is managed and regulated in the UK and overseas and to aid your appreciation of the role and importance of GA in the public and not-for-profit sectors.

Additional Information:

Internationalisation

GA is important to all organisations no matter where they are located. The UK’s approach to corporate governance for listed companies has been replicated around the world. Therefore, the content of this module is relevant across the globe.

Employability

Through participation in formative assessments you will develop team-working and team-building skills, communication skills, and presentation skills, all of which are valued by employers.

External Engagement
Guest speakers may be invited to lecture on various issues related to GA.  For example, in the past this has included an associate of Price Waterhouse Coopers who is a non-executive director of many companies. The module goes through the accreditation process and is accredited by ICAS (Institute of Chartered Accountants of Scotland) and ICAEW (Institute of Chartered Accountants in England and Wales).

Sustainability

All of the resources for this module are accessible on the ELE (Exeter Learning Environment).

Full module specification

Module title:Governance and Accountability
Module code:BEA3021K
Module level:3
Academic year:2016/7
Module lecturers:
  • Mr Mark Billings - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

BEA2001K

Co-requisites:

None

Duration of module: Duration (weeks) - term 1:

11

Module aims

GA is integral to modern business life and has huge impact on corporations, directors, shareholders, and other stakeholders.  It is also a fundamental feature of the public and not-for-profit sectors.  Therefore it is important for business students to understand the key issues surrounding GA.  In this context, this module aims to:

  • Provide students with an understanding of the nature, principles, mechanisms and limitations of GA in contemporary business environments.
  • Enable students to understand how different institutional settings influence the way the corporation-stakeholders relationship is managed and regulated in the UK and overseas.  
  • Help students to appreciate the role and importance of GA in the public and not-for-profit sectors

 

ILO: Module-specific skills

  • 1. explain the nature of GA and relevant theoretical frameworks
  • 2. explain and evaluate the different mechanisms through which the objectives of GA are attained
  • 3. compare and contrast different GA systems/regimes and explain how different institutional settings (e.g. legal, political, cultural and social factors) influence the development of these systems/regimes
  • 4. discuss the wider issues of accountability particularly in relation to social and environmental reporting, and accounting and governance in the public and not-for-profit sectors

ILO: Discipline-specific skills

  • 5. exercise logical thinking and analysis in relation to real-world governance issues
  • 6. access a wide body of academic research and other literature to further extend their knowledge (including, where appropriate, acknowledgement and referencing of source)

ILO: Personal and key skills

  • 7. critically evaluate theoretical arguments and empirical evidences
  • 8. manage their learning experience individually
  • 9. use appropriate learning resources
  • 10. structure and present ideas and arguments effectively in writing

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
301200

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours 30Lectures/Tutorials/Seminars

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Review, presentation and discussion of real-world casesTo take up significant time in tutorials1-9Tutorial discussion
Multiple choice questionsTo relate to each main topic area1-3, 5, 8-9To be automated via ELE

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
20800

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
In class test201 hour1-10General feedback provided on ELE. Individual feedback meetings on request
Closed-book examination802 hours1-5, 7-10General feedback provided on ELE
0
0
0
0
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
In class test (20%) & Examination (80%)Examination (100%) 2 hours1-5, 7-10August

Syllabus plan

  • Defining corporate governance and theoretical models.
  • Corporate control and ownership.
  • Corporate governance and financial systems.
  • Governance mechanisms: incentivising and disciplining managers.
  • Corporate governance regulation.
  • Governance and stakeholders.
  • Governance and corporate social responsibility.
  • Politics, law and regulation; contractual and market approaches to governance.
  • Governance and the financial crisis.
  • Governance and accountability in the public and not-for-profit sectors.
  • Revision.

Indicative learning resources - Basic reading

Basic reading:

The core text for this module will be:

Goergen, Marc (2012), International Corporate Governance, Harlow: Pearson.

All students will be expected to have access to this text, which is available as an e-book. Other basic readings will be specified on a topic-by-topic basis and will be available via the electronic reading list/module ELE page.

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

ELE – http://vle.exeter.ac.uk/course/view.php?id=137

Indicative learning resources - Other resources

Additional readings include journal articles, working papers, official report and chapter extracts from books, as specified in the electronic reading list/module ELE page.

Origin date

24/03/2014

Last revision date

19/08/2016