Corporate Governance

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FIN4507 – Corporate Governance and Corporate Accountability

PART I (Term 1)

Class tests - 10%
Multiple choice test - 10%
Coursework Assignment 1 – 30%

Coursework Assignment 1:

a) Write an essay on key theories that are widely discussed in the academic literature on corporate governance. Critically analyse the strengths and weaknesses of each theory. In your essay, you are expected to compare and contrast these theories and state which theory, in your opinion, best explains the governance mechanisms of listed companies in the UK.

Your essay should be about 1,500 words excluding bibliography. In your essay, you are expected to refer to the articles you have been recommended on the reading list. You are also expected to present an up-to-date review of the literature by referring to a recent number of studies.

(12 marks)

b) Choose a company listed on the London Stock Exchange. Download its Annual Report. Using the annual report of your chosen company, review its governance structure and answer the following two questions:

Describe the governance structure of your company and evaluate the extent to which there is compliance with the recommendations set out in the Turnbull Report. Do you take the view that the board of directors of your chosen company has fulfilled its regulatory obligations? (6 marks)

c) “Accounting is not accountability. We keep imagining that it is”. (Roberts, AOS, 2010)

Critically evaluate the above statement
(12 marks)

(Total marks 30)
FIN4507 – Corporate Governance and Corporate Accountability

PART II (Term 2)

Multiple choice test - 10%
Coursework Assignment 2 – 40%

a) Critically examine the existing theories and concepts that are commonly used in the academic literature when discussing social and environmental reporting.

(14 marks)

b) Using the sustainability/social report of the company you chose for coursework 1:

i. Considering different engagement...
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