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Overview

This module offers a critical and thought-provoking exploration of how corporations are governed — and, importantly, how they ought to be governed. Corporate governance is no longer a purely technical or boardroom issue; it is a global concern that shapes economies, societies and the daily lives of people across the world.

Throughout the module, we examine the role corporations play within national and international economic systems, considering competing theories of governance, accountability and corporate purpose. You will engage with contemporary debates around shareholder primacy, stakeholder models, regulation, ethics and executive responsibility, drawing on both UK and global perspectives.

The discussion is further deepened by the growing importance of sustainability. Environmental, social and governance (ESG) considerations now sit at the centre of corporate decision-making, challenging traditional assumptions about profit, growth and long-term value creation. As sustainability reshapes legal frameworks, investor expectations and public trust, the question of how corporations should be run has become more complex — and more urgent — than ever.

By the end of the module, you will be equipped to critically evaluate corporate governance structures, assess reform proposals, and contribute confidently to high-level debates about the future of the corporation in a rapidly changing world

Students will study a range of topics, including but not limited to:

Introduction to Corporate Governance. Historical views of Corporate Governance. How are Companies Run? Corporate Social Responsibility and its role modern Corporate Governance. The Role of Directors Corporate Governance. The Role of Shareholders in Corporate Governance. Regulatory Architecture in UK, Europe and Beyond. Corporate governance of Banks. Stakeholder Theory and Sustainability. The Future of Corporate Governance and Sustainability.

Assessment Strategy

-threshold -BU Marking Criteria for C- to C+ (50-59%) in the Regulations for Taught Programmes: /regulations/regulations/reg01.php.en

-good -BU Marking Criteria for B- to B+ (60-69%) in the Regulations for Taught Programmes: /regulations/regulations/reg01.php.en

-excellent -BU Marking Criteria for A- to A* (70%+) in the Regulations for Taught Programmes:

Learning Outcomes

• Critically evaluate contemporary theories of corporate governance set against the sustainability debate.

• Critically evaluate sustainability in the corporate governance debate while demonstrating the ability to synthesise complex information from research undertaken, and to effectively communicate that research in writing making use of appropriate legal and commercial terminology and correct referencing technique

• Critically evaluate the framework underpinning theories of corporate governance.

• Critically evaluate the role of corporate governance in line with the emerging sustainability debate.