FINS3626 International Corporate Governance - 2019

FINS3626
Undergraduate
Term 2
6 Units of Credit
On Campus
Banking & Finance
This course is not offered in current term. Please visit our archives to view previous course outlines.

1. Course Details

Summary of Course

Corporate governance is fundamental to the existence and growth of public corporations as it encompasses the mechanisms which help suppliers of finance assure themselves of getting a return on their investment. Its practical importance is also evident in the recent mega corporate collapses around the world. This course analyses how different governance mechanisms prevent managerial self-dealing, protect minority shareholders and add value to corporations. Specific topics include: directors responsibilities, board structure; regulations; auditing; executive compensation; financial ownership and control; shareholder activism; hostile takeovers and defence mechanisms; and the difference in governance systems in the US, UK, Australia, Japan, Germany and some Asian countries.

Teaching Times and Locations

Please note that teaching times and locations are subject to change. Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations.

View course timetable

Course Policies & Support

Course Aims and Relationship to Other Courses

The Course aims to foster your critical understandings of the concepts, issues and practices in the governance structures of modern corporations, as well as your ability to synthesise and apply this knowledge in a cooperative working environment.

To pursue this Course, you must have completed both ACCT1511 Accounting and Financial Management 1B, and FINS1613 Business Finance.

2. Staff Contact Details

Position Title Name Email Location Phone Consultation Times
Lecturer-in-chargeDrHelen KangRoom 3056A, Quadrangle building - Ref E15+61 (2) 9385 5824TBA
LecturerDrPouyan Foroughi Room 340, UNSW Business School building – Ref E12 +61 (2) 9385 5850TBA

3. Learning and Teaching Activities

Approach to Learning and Teaching in the Course

We endeavour to make this Course relevant and meaningful to you in class and after you graduate. To help achieve this objective we have a number of teaching aims:

As an elective course, independent learning from students is expected. The Course will draw on concepts, issues and practical information from various readings, including academic and financial press articles, as well as websites of relevant regulators. Students are therefore required to read and understand these materials and their relevance. Students are also expected to extend and apply their knowledge acquired in the class to current issues discussed in the financial press.

A large part of the Course, and its assessment components, requires students to critically analyse and apply materials to real cases and issues. This reflects the skills required to work in today financial services environment. Discussion sessions are designed so that students can practice their analytical and problem-solving skills, and then receive appropriate feedback. It is essential that students utilise these class times to actively participate in the discussion of prescribed discussion questions and raise questions to lecturers regarding areas where further reviews are necessary.

Learning Activities and Teaching Strategies

​Lectures

The 2-hour lecture each week will complement the compulsory readings for the Course by: (1) outlining the main issues relevant to the topic; (2) reinforcing the analytical material in the required readings; (3) introducing relevant material not adequately covered in the readings; and, (4) drawing on recent developments and cases of corporate governance scandals.

Tutorials

The 1-hour tutorial each week aims to assist students in problem solving, clarifying lecture materials, and facilitating debates on topics covered in the lecture of the previous week. After each lecture, students are required to attempt to answer the prescribed discussion questions before the corresponding lecture. These questions are based on the relevant articles for each week, which can be downloaded from Moodle. You are encouraged to provide feedback to lecturers regarding issues and problems in understanding any part of the course materials or readings.

Additional Activities

In addition to weekly lectures and tutorials, students will also be required to take part in the following activities:

  • Self-learning case exercises and questions
  • Self-directed assessment review session
  • Podcast/links to relevant presentation (including course introduction)

5. Course Resources

​The website for this Course is on UNSW Moodle

Textbook

There is no prescribed textbook for this Course.

Compulsory readings

The main study material of this Course consist of case studies and relevant readings from various business, governmental, and academic publications. Links to these material will be available on Moodle each week.

Lecture notes and materials

Relevant course material, including the course outline, lecture notes, discussion questions, important announcements, exam results and Internet references, are available on Moodle under the course code FINS3626.

6. Course Evaluation & Development

Feedback is regularly sought from students and continual improvements are made based on this feedback. At the end of this course, you will be asked to complete the myExperience survey, which provides a key source of student evaluative feedback. Your input into this quality enhancement process is extremely valuable in assisting us to meet the needs of our students and provide an effective and enriching learning experience. The results of all surveys are carefully considered and do lead to action towards enhancing educational quality.

 
Student feedback indicates that, overall, they have benefited from the course by "learning about the corporate governance framework which is pivotal to obtaining a thorough understanding of how and why today's corporations make the decisions that they do". Students have also appreciated "real-life applications" of case readings.
  • In order to enhance student experience further, we have included additional case studies that deal with real-life companies and governance events.
Specific comments received in regard to potential improvements to the course and how we have addressed these comments are outlined below:
"More frequent assessment tasks to allow students more opportunities to gain marks"
"Could increase the amount of assessment so as to provide a weekly review"
"Having another tutorial quiz later in the semester to encourage students to study"
  • We have introduced an ongoing assessment task ('homework submissions'), designed to encourage students to keep up with their class preparation activities and to actively participate in tutorial classes.
  • The quiz will now be held in week 9 in order to encourage students to study and keep up with the material in preparation for the final exam.

7. Course Schedule

Week 1: 3 June
Activity

Lecture

Topic

Agency Problem and Shareholder Activism

Assessment/Other

  • Course introduction will be available a week prior to the start of the Term 2
  • Course readings and other relevant material will also be available on Moodle a week prior to the start of the class

Week 2: 10 June
Activity

Lecture

Topic

Managerial Compensation and the Board

Assessment/Other

  • Homework Submission
  • Relevant case studies and questions will be available on Moodle

Week 3: 17 June
Activity

Lecture

Topic

Market for Corporate Control and Takeover Threat

Assessment/Other

  • Case studies and relevant articles will be available on Moodle

Week 4: 24 June
Activity

Lecture

Topic

Concentrated Ownership and Control

Assessment/Other

  • Homework Submission
  • Relevant case studies and discussion questions will be available on Moodle

Week 5: 1 July
Activity

Lecture

Topic

Cross-country Comparisons

Assessment/Other

  • Mid-Session Test - to be held outside the class time and after all week 5 classes

Week 6: 8 July
Activity

Lecture

Topic

Regulations and Internal Arrangements I

Assessment/Other

  • Relevant case studies and discussion questions will be available on Moodle

Week 7: 15 July
Activity

Lecture

Topic

Regulations and Internal Arrangements II

Assessment/Other

  • Homework Submission
  • Relevant case studies and discussion questions will be available on Moodle

Week 8: 22 July
Activity

Lecture

Topic

Corporate Governance and Financial Reporting – the Role of Accounting

Assessment/Other

  • Relevant case studies and discussion questions will be available on Moodle

Week 9: 29 July
Activity

Lecture

Topic

Corporate Governance and Financial Reporting – the Role of Auditing

Assessment/Other

  • Quiz
  • Relevant case studies and discussion questions will be available on Moodle

Week 10: 5 August
Activity

Lecture

Topic

Corporate Governance and National Culture

Assessment/Other

  • Relevant case studies and discussion questions will be available on Moodle

Term Break: 12 August
Exams: 19 August
Exams: 26 August

8. Policies and Support

Information about UNSW Business School protocols, University policies, student responsibilities and education quality and support.

Program Learning Outcomes

The Business School places knowledge and capabilities at the core of its curriculum via seven Program Learning Outcomes (PLOs). These PLOs are systematically embedded and developed across the duration of all coursework programs in the Business School.

PLOs embody the knowledge, skills and capabilities that are taught, practised and assessed within each Business School program. They articulate what you should know and be able to do upon successful completion of your degree.

Upon graduation, you should have a high level of specialised business knowledge and capacity for responsible business thinking, underpinned by ethical professional practice. You should be able to harness, manage and communicate business information effectively and work collaboratively with others. You should be an experienced problem-solver and critical thinker, with a global perspective, cultural competence and the potential for innovative leadership.

All UNSW programs and courses are designed to assess the attainment of program and/or course level learning outcomes, as required by the UNSW Assessment Design Procedure. It is important that you become familiar with the Business School PLOs, as they constitute the framework which informs and shapes the components and assessments of the courses within your program of study.

PLO 1: Business knowledge

Students will make informed and effective selection and application of knowledge in a discipline or profession, in the contexts of local and global business.

PLO 2: Problem solving

Students will define and address business problems, and propose effective evidence-based solutions, through the application of rigorous analysis and critical thinking.

PLO 3: Business communication

Students will harness, manage and communicate business information effectively using multiple forms of communication across different channels.

PLO 4: Teamwork

Students will interact and collaborate effectively with others to achieve a common business purpose or fulfil a common business project, and reflect critically on the process and the outcomes.

PLO 5: Responsible business practice

Students will develop and be committed to responsible business thinking and approaches, which are underpinned by ethical professional practice and sustainability considerations.

PLO 6: Global and cultural competence

Students will be aware of business systems in the wider world and actively committed to recognise and respect the cultural norms, beliefs and values of others, and will apply this knowledge to interact, communicate and work effectively in diverse environments.

PLO 7: Leadership development

Students will develop the capacity to take initiative, encourage forward thinking and bring about innovation, while effectively influencing others to achieve desired results.

These PLOs relate to undergraduate and postgraduate coursework programs.  Separate PLOs for honours and postgraduate research programs are included under 'Related Documents'.

Business School course outlines provide detailed information for students on how the course learning outcomes, learning activities, and assessment/s contribute to the development of Program Learning Outcomes.

RELATED DOCUMENTS

 

UNSW Graduate Capabilities

The Business School PLOs also incorporate UNSW graduate capabilities, a set of generic abilities and skills that all students are expected to achieve by graduation. These capabilities articulate the University’s institutional values, as well as future employer expectations.

UNSW Graduate CapabilitiesBusiness School PLOs
Scholars capable of independent and collaborative enquiry, rigorous in their analysis, critique and reflection, and able to innovate by applying their knowledge and skills to the solution of novel as well as routine problems.
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 4: Teamwork
  • PLO 7: Leadership development

Entrepreneurial leaders capable of initiating and embracing innovation and change, as well as engaging and enabling others to contribute to change
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 4: Teamwork
  • PLO 6: Global and cultural competence
  • PLO 7: Leadership development

Professionals capable of ethical, self-directed practice and independent lifelong learning
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 5: Responsible business practice

Global citizens who are culturally adept and capable of respecting diversity and acting in a socially just and responsible way.
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 4: Teamwork
  • PLO 5: Responsible business practice
  • PLO 6: Global and cultural competence

While our programs are designed to provide coverage of all PLOs and graduate capabilities, they also provide you with a great deal of choice and flexibility.  The Business School strongly advises you to choose a range of courses that assist your development against the seven PLOs and four graduate capabilities, and to keep a record of your achievements as part of your portfolio. You can use a portfolio as evidence in employment applications as well as a reference for work or further study. For support with selecting your courses contact the UNSW Business School Student Centre.




Academic Integrity and Plagiarism

Academic Integrity is honest and responsible scholarship. This form of ethical scholarship is highly valued at UNSW. Terms like Academic Integrity, misconduct, referencing, conventions, plagiarism, academic practices, citations and evidence based learning are all considered basic concepts that successful university students understand. Learning how to communicate original ideas, refer sources, work independently, and report results accurately and honestly are skills that you will be able to carry beyond your studies.

The definition of academic misconduct is broad. It covers practices such as cheating, copying and using another person’s work without appropriate acknowledgement. Incidents of academic misconduct may have serious consequences for students.

Plagiarism

UNSW regards plagiarism as a form of academic misconduct. UNSW has very strict rules regarding plagiarism. Plagiarism at UNSW is using the words or ideas of others and passing them off as your own. All Schools in the Business School have a Student Ethics Officer who will investigate incidents of plagiarism and may result in a student’s name being placed on the Plagiarism and Student Misconduct Registers.

Below are examples of plagiarism including self-plagiarism:

Copying: Using the same or very similar words to the original text or idea without acknowledging the source or using quotation marks. This includes copying materials, ideas or concepts from a book, article, report or other written document, presentation, composition, artwork, design, drawing, circuitry, computer program or software, website, internet, other electronic resource, or another person's assignment, without appropriate acknowledgement of authorship.

Inappropriate Paraphrasing: Changing a few words and phrases while mostly retaining the original structure and/or progression of ideas of the original, and information without acknowledgement. This also applies in presentations where someone paraphrases another’s ideas or words without credit and to piecing together quotes and paraphrases into a new whole, without appropriate referencing.

Collusion: Presenting work as independent work when it has been produced in whole or part in collusion with other people. Collusion includes:

  • Students providing their work to another student before the due date, or for the purpose of them plagiarising at any time
  • Paying another person to perform an academic task and passing it off as your own
  • Stealing or acquiring another person’s academic work and copying it
  • Offering to complete another person’s work or seeking payment for completing academic work

Collusion should not be confused with academic collaboration (i.e., shared contribution towards a group task).

Inappropriate Citation: Citing sources which have not been read, without acknowledging the 'secondary' source from which knowledge of them has been obtained.

Self-Plagiarism: ‘Self-plagiarism’ occurs where an author republishes their own previously written work and presents it as new findings without referencing the earlier work, either in its entirety or partially. Self-plagiarism is also referred to as 'recycling', 'duplication', or 'multiple submissions of research findings' without disclosure. In the student context, self-plagiarism includes re-using parts of, or all of, a body of work that has already been submitted for assessment without proper citation.

To see if you understand plagiarism, do this short quiz: https://student.unsw.edu.au/plagiarism-quiz

Cheating

The University also regards cheating as a form of academic misconduct. Cheating is knowingly submitting the work of others as their own and includes contract cheating (work produced by an external agent or third party that is submitted under the pretences of being a student’s original piece of work). Cheating is not acceptable at UNSW.

If you need to revise or clarify any terms associated with academic integrity you should explore the 'Working with Academic Integrity' self-paced lessons available at: https://student.unsw.edu.au/aim.

For UNSW policies, penalties, and information to help you avoid plagiarism see: https://student.unsw.edu.au/plagiarism as well as the guidelines in the online ELISE tutorials for all new UNSW students: http://subjectguides.library.unsw.edu.au/elise. For information on student conduct see: https://student.unsw.edu.au/conduct.

For information on how to acknowledge your sources and reference correctly, see: https://student.unsw.edu.au/referencing. If you are unsure what referencing style to use in this course, you should ask the lecturer in charge.


Student Responsibilities and Conduct

Students are expected to be familiar with and adhere to university policies in relation to class attendance and general conduct and behaviour, including maintaining a safe, respectful environment; and to understand their obligations in relation to workload, assessment and keeping informed.

Information and policies on these topics can be found on the 'Managing your Program' website.

Workload

It is expected that you will spend at least ten to twelve hours per week studying for a course except for Summer Term courses which have a minimum weekly workload of twenty to twenty four hours. This time should be made up of reading, research, working on exercises and problems, online activities and attending classes. In periods where you need to complete assignments or prepare for examinations, the workload may be greater. Over-commitment has been a cause of failure for many students. You should take the required workload into account when planning how to balance study with employment and other activities.

We strongly encourage you to connect with your Moodle course websites in the first week of semester. Local and international research indicates that students who engage early and often with their course website are more likely to pass their course.

View more information on expected workload

Attendance

Your regular and punctual attendance at lectures and seminars or in online learning activities is expected in this course. The Business School reserves the right to refuse final assessment to those students who attend less than 80% of scheduled classes where attendance and participation is required as part of the learning process (e.g., tutorials, flipped classroom sessions, seminars, labs, etc.).

View more information on attendance

General Conduct and Behaviour

You are expected to conduct yourself with consideration and respect for the needs of your fellow students and teaching staff. Conduct which unduly disrupts or interferes with a class, such as ringing or talking on mobile phones, is not acceptable and students may be asked to leave the class.

View more information on student conduct

Health and Safety

UNSW Policy requires each person to work safely and responsibly, in order to avoid personal injury and to protect the safety of others.

View more information on Health and Safety

Keeping Informed

You should take note of all announcements made in lectures, tutorials or on the course web site. From time to time, the University will send important announcements to your university e-mail address without providing you with a paper copy. You will be deemed to have received this information. It is also your responsibility to keep the University informed of all changes to your contact details.



Student Support and Resources

The University and the Business School provide a wide range of support services and resources for students, including:

Business School Education Quality and support Unit (EQS)
The EQS offers academic writing, study skills and maths support specifically for Business students. Services include workshops, online resources, and individual consultations.
Level 1, Room 1033, Quadrangle Building.
bschoolconsults@unsw.edu.au
02 9385 7577 or 02 9385 4508

Business School Student Centre
The Business School Student Centre provides advice and direction on all aspects of admission, enrolment and graduation.
Level 1, Room 1028 in the Quadrangle Building
02 9385 3189

UNSW Learning Centre
The UNSW Learning Centre provides academic skills support services, including workshops and resources, for all UNSW students. See their website for details.
Lower Ground Floor, North Wing Chancellery Building.
learningcentre@unsw.edu.au
02 9385 2060

Educational Support Service
Educational Support Advisors work with all students to promote the development of skills needed to succeed at university, whilst also providing personal support throughout the process. Check their website to request an appointment or to register in the Academic Success Program.
John Goodsell Building, Ground Floor.
advisors@unsw.edu.au
02 9385 4734

Library services and facilities for students
The UNSW Library offers a range of collections, services and facilities both on-campus and online.
Main Library, F21.
02 9385 2650

Moodle eLearning Support
Moodle is the University’s learning management system. You should ensure that you log into Moodle regularly.
externalteltsupport@unsw.edu.au
02 9385 3331

UNSW IT
UNSW IT provides support and services for students such as password access, email services, wireless services and technical support.
UNSW Library Annexe (Ground floor).
itservicecentre@unsw.edu.au
02 9385 1333

Disability Support Services
UNSW Disability Support Services provides assistance to students who are trying to manage the demands of university as well as a health condition, learning disability or who have personal circumstances that are having an impact on their studies. Disability Advisers can arrange to put in place services and educational adjustments to make things more manageable so that students are able to complete their course requirements. To receive educational adjustments for disability support, students must first register with Disability Services.
Ground Floor, John Goodsell Building.
disabilities@unsw.edu.au
02 9385 4734

UNSW Counselling and Psychological Services
Provides support and services if you need help with your personal life, getting your academic life back on track or just want to know how to stay safe, including free, confidential counselling.
Level 2, East Wing, Quadrangle Building.
counselling@unsw.edu.au
02 9385 5418


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FINS3626