Programme/Approved Electives for 2023/24
Available as a Free Standing Elective
The aim of this module is to provide understanding about the changing relationships between business corporations, society, natural environment and stakeholders in the context of a corporate governance agenda. The module provides a broad introduction to, and an opportunity to deliberate upon, some of the challenges posed by the corporate social responsibility and accounting codes and conventions which corporations use as a management tool for corporate governance to ensure social and environmental sustainable development. The module examines the theoretical frameworks available, discuss the challenges faced by companies, and explores the insight these models provide for understanding this element of business behaviour.
This module critically examines traditional financial accounting and the interfaces between corporate governance, social responsibility and sustainable development. The aim is to provide the student with the ability to appraise the usefulness of corporate governance and social responsibility and to integrate environmental issues into business decision making. This module introduces students to the different theories that underpin accounting for governance and social responsibility. It will acquaint students with the nature and scope of alternative forms of corporate accountability which go beyond the traditional form of accounting model. Development of such alternative forms of corporate accountability is considered essential in the modern business world, as evidenced by the publication of substantial Corporate Governance and Social Responsibility/Sustainability reports by most of the FTSE 100 companies and top Global companies (e.g., G250). Students will learn the origins of theory and practice of corporate governance and social responsibility practicing and reporting, with insights into the real life corporate practices in this area. The module has been designed to:1 - equip students with an understanding of the role of corporate governance in terms of governance, compliance, economic, social, environmental, and ethical responsibilities in a responsible and sustainable business environment.2 - enable students to understand the implications of corporate governance business strategies for the environment, social and wider ethical issues in society.3 - understand the interaction between corporate governance and business strategies and management decisions.4 - understand how globalisation impacts contemporary corporate governance and social responsibility reporting.5 - assess the actual corporate responsibility practicing and reporting, and sustainability accounting practices, of profit and non-profit organisations. Among the discussed issues are: the governance practices; the use of child labour, pollution and climate change; human and labour rights; safety and working conditions; globalisation and fair trade; financial probity; green business; and socially responsible investment.6 - help students to identify ethical and social matters, stakeholder engagement and make informed decisions and communicate these to stakeholders.
Intended Learning Outcomes
Analyse the historical origins and the evolution of the concepts of corporate governance and social responsibility: 1,2Systematically and critically evaluate corporate governance, social issues, and environmental issues: 1,2Critically assess the role of the accounting profession in encouraging development of corporate governance codes, examining their impacts on corporate performance: 2Critically assess the role of green policies and socially responsible investment in the development of accounting for corporate responsibility: 1,2Critically appraise the key issues of corporate governance and environmental accounting for business strategy: 2Demonstrate the complex way in which businesses governance relates to internal and external stakeholders, and to the natural environment: 1,2Use of tools, techniques and strategies for managing and supporting corporate governance and social responsibility in practice: 1,2Contribute to the future of corporate governance practice and social responsibility performance and reporting, to enhance the skills of reviewing and presenting scholarly work, and to develop skills of theorizing empirical observations : 2Understand the use of relevant theoretical frameworks to analyse corporate governance and social responsibility issues: 2
18 hours of lectures6 hours of tutorials32 hours of assessment preparation40 hours of exam preparation54 hours of private study and tutorial preparationTotal 150 hours
1: Assignment weighted 40%
Description of Module Assessment
Group Work Assignment; a 2000 word critical analysis of a corporate governance and/or social responsibility case(s).Each group (3-5 students) will be asked to critically analyse a selected topic or case relating to corporate governance and/or social responsibility reporting.2: Exam weighted 60%
2 hour on campus unseen examAssessment 2 is ON CAMPUS UNSEEN EXAM covering the whole module syllabus. Answers should be as accurate and concise as possible.