(Revised November 2002)
Code: UPEN4A-15-M Title:
Corporate Governance in the Global Economy
Version: 1
Level: M UWE credit rating: 15 ECTS credit rating:
7.5
Module type: Standard
Owning Faculty: HLSS Field:
Economics
Valid from: September 2004 Discontinued
from:
Pre-requisites: None
Co-requisites: None
Excluded combinations: None
Learning outcomes:
By the end of this module,
the student should be able to:
·
Critically evaluate and appraise relevant theories underpinning the
study of corporate governance (Component A)
·
Identify, compare and contrast governance regimes in major economies of
the global system (Component A)
·
Critically evaluate the economic consequences of various corporate
governance practices in organisations such as businesses and public sector
bodies (Component A & B)
·
On the basis of independent study, profile and understand the influence
of securities markets and financial institutions on governance in a business
context and be able to establish its relevance to corporate decision making
(Component B)
Syllabus outline:
·
The economics of governance; agency and trust theories; institutional
theory, the relevance of games and models
·
The economics of corporate existence: theories and definitions; the
commercial corporation
·
Economic governance
systems: capitalist taxonomy
·
The Governance of
multi-national corporations
·
Corporate governance
practices compared, especially the "governors" - directors, virtual
directors, trustees and other principals
·
Shareholder rights and the role of other stakeholders
·
The influence of securities markets; share and bond ratings; the
conveyance of economic messages
Teaching and learning
methods:
A variety of teaching
methods will be employed in this module.
In addition to standard staff-centred teaching, students will be
expected to contribute using their own research material and experience. Where
relevant, video material and contemporary written source material will also be
used to initiate discussion of practical policy issues. Students will be
provided with detailed reading, resources lists and various materials used
throughout the course. Links to other sources will be made available through
on-line learning resources. However, as postgraduate students, those following
this module will also be expected to find and use alternative material using
their own knowledge and initiative. Students will be expected to put forward,
rationalise, substantiate and defend points of view on controversial matters in
class.
Indicative sources:
J Charkham, 1998, Keeping Good Company, Macmillan, London.
A Demb and FF Neubauer, 1992, The
Corporate Board - Confronting the Paradoxes, OUP,
Oxford.
Janet Dine, 2000, The
Governance of Corporate Groups, Cambridge University Press, Cambridge.
Frydman and Rapaczynski, 1997, Corporate Governance in Central and Eastern
Europe, Central European Press, Budapest.
Klaus Hopt, 1998, Comparative Corporate Governanc,
Oxford University Press, Oxford.
RAG Monks and N Minow,
1995, Corporate Governanc,
Blackwell, Oxford.
Giles Proctor, 2002, Corporate Governance, Cavendish Press, London.
AB Schmookler, 1993, The Illusion of Choice: How the Market
Economy shapes our Destiny, State University of New York Press, Albany.
Journals to be employed in this module include:
Corporate Governance; Harvard Business Review; Journal of Political Economy;
International Journal of Industrial Organisation etc.
Assessment
Weighting between
components A and B (standard modules only)
A: 50% B: 50%
ATTEMPT 1
First Assessment
Component A
Description of each element Element weighting
1. An
in-class written assessment under controlled conditions (2 hours) 50%
Component B
Description of each element Element weighting
1. 2,000 word essay 50%
Second Assessment
Component A
Description of each element Element weighting
1. A written assessment under controlled conditions
(2hours) 50%
Component B
Description of each element Element weighting
1. 2,000
word essay 50%
SECOND (OR SUBSEQUENT)
ATTEMPT Attendance at taught classes is not
required.
Specification confirmed
by …Module approved at VARSC 13.05.04.……… Date …………………
(Associate Dean/Programme
Director)