| CODE | MRT5208 | ||||||||||||||||
| TITLE | Business Ethics and Corporate Governance | ||||||||||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||||||||||
| MQF LEVEL | 7 | ||||||||||||||||
| ECTS CREDITS | 5 | ||||||||||||||||
| DEPARTMENT | Moral Theology | ||||||||||||||||
| DESCRIPTION | The part dealing with accountancy ethics, like ethics in general, involves a critical analysis and assessment of a variety of perspectives to enable one to take a reasonable stand and meaningful decisions on matters of importance. Following a general introduction of the world of business as the world of human relations, the business response to change is analysed in terms of the model of adaptation and the model of responsibility, including a critical analysis of the variety of forms the latter is currently taking. Competition is explained as a search for excellence in both the technical and ethical aspects of business activity. The wider meaning of good and right business is discussed. The other part of the unit is devoted to an ethical consideration of corporate governance – theories and practices, including alternative legitimate systems, and responsible financial management. Study-unit Aims a) To encourage the student to look at the world of business as the world of human relations that needs to be regulated to prevent abuse of power and also to be nourished by a vision of appropriate forms of human solidarity and cooperation; b) To explore the wider meaning and value of business as well as the ethical standards governing business activity; c) To assess the ethical importance of recent developments in corporate governance. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: a) Describe the importance of a regulatory framework for the accountancy profession. b) Explain the function of corporate governance in the effective management and control of organisations and of the resources for which they are accountable. c) Identify the conditions for good corporate governance and analyse the lines along which corporate governance has been developing in recent years. d) Analyse problems relating to the exercise of responsibility, personal as well as corporate, in the accountancy profession. 2. Skills: By the end of the study-unit the student will be able to: a) Promote ethical awareness among members of the profession in a concrete way. b) Participate in good governance accountancy practices. c) Evaluate the role of corporate governance in internal control, review and compliance. Main Text/s and any supplementary readings MAIN TEXTS: - Kenneth A. Kim, John R. Nofsinger, Derek J. Mohr. Corporate Governance (Pearson, 2010) - Fraedrich, J., OC Ferrell, L. Ferrell. Ethical decision making for business. Southwestern - Andrew Crane, Abagail McWilliams, Dirk Matten, Jeremy Moon, - Donald S. Siegel, eds. The Oxford Handbook of Corporate Social - Responsibility ( Oxford, 2009) SUPPLEMENTARY: - Andrew Crane and Dirk Matten, Business Ethics (Oxford, 2003) - Christine A. Mallin. Corporate Governance (Oxford, 2010) - Robert AG Monks, Neil Minnow. Corporate Governance (Wiley, 2008) - Mike W.Martin, Meaningful Work, (New York/Oxford, 2000) - Robert C. Solomon, Ethics and Excellence: Cooperation and Integrity in Business (New York/Oxford, 1993) - Helen J.Alford and Michael Naughton, Managing As If Faith Matters (Notre Dame,2001) Various internet sites on business ethics and corporate governance. |
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| ADDITIONAL NOTES | Pre-Requisite qualifications Bachelor of Commerce |
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| STUDY-UNIT TYPE | Lecture | ||||||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Peter J. Baldacchino Carlo Calleja |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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