Governance and Accountability
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.
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.
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.
Guest speakers may be invited to lecture on various issues related to GA. For example,
All of the resources for this module are accessible on the ELE (Exeter Learning Environment).
Full module specification
|Module title:||Governance and Accountability|
BEA1008 Introduction to Financial Accounting or BEA1013 Introduction to Accounting
|Duration of module:||
Duration (weeks) - term 1: |
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 Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Review, presentation and discussion of real-world cases||To take up significant time in tutorials||1-9||Tutorial discussion|
|Multiple choice questions||To relate to each main topic area||1-3, 5, 8-9||Automated via ELE|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Mid-term in class examination (open notes)||20||1 hour||1 10||General feedback provided on ELE. Individual feedback meetings on request|
|Final examination (closed notes)||80||2 hours||1 5, 7 10||General feedback provided on ELE|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Mid-term in-class exam (20%) & Final exam (80%)||Examination (100%) 2hours||1-5, 7-10||August|
- 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.
- Review and Revision.
Indicative learning resources - Basic reading
The core text for this module will be:
Goergen, Marc (2018), Corporate Governance: A global perspective, 1st Edition, Cengage.
All students will be expected to have access to this text, which is available as an e-book. The previous edition of the text, published by Pearson in 2012 is also suitable for use, but less up to date. Other basic readings will be specified in lectures on a topic by topic basis and will be available via the electronic reading list/module ELE page.
Module has an active ELE page?
Indicative learning resources - Web based and electronic resources
Indicative learning resources - Other resources
Additional readings include journal articles, working papers, official reports and chapter extracts from books, as specified in the electronic reading list/module ELE page.
Last revision date