MQM2RC04-Governance, Ethics, Culture and Accountability in Financial Services

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Level:NA
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2021/2

Module Convenor: Dr Chardin Wese-Simen
Email: c.wese-simen@icmacentre.ac.uk

Type of module:

Summary module description:

This module is for students studying MSc in Regulation and Compliance (Degree Apprenticeship) only.

Aims:

This module seeks to examine the specific nuances to the theory and practice of corporate governance, ethics and culture as applicable to the financial sector. TheÌýcourseÌýaims to equip students withÌýa sound understanding of the rationale and need for accountability. It critically analyses various theories and mechanisms of governance. The students will apply their knowledge by critically evaluating a number of examples from the business and academic worlds. Specifically, they will be ableÌýto robustly and effectively challenge and understand governance, culture and ethics within financial services firms and allied entities.Ìý

Assessable learning outcomes:

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  EvaluateÌýthe factors that affect decision making processes within firms under pressure and faced with incomplete, complex and conflicting informationÌý

  
  


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  Apply a set of corporate values and governance principles to guide decisions and behaviours in complex situationsÌý

  
  


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  AnalyseÌýtheÌýimportance of various stakeholders and how they can promote good governanceÌý

  
  


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  Discuss the importance of internal control, accountability and risk management systems and the appropriate basis for setting remuneration and guiding career pathing.Ìý

  
  

Additional outcomes:

Outline content:

In this module, students will examine key challenges in ethics, culture, governance and accountability. The module begins byÌýdrawing on the field of psychology toÌýdevelopÌýa deepÌýunderstanding ofÌýbehavioural biases and theirÌýimplications for decision-making inÌýfinance.ÌýThe courseÌýwill then examine theÌýconceptÌýof culture, its measurement and ESG ratings.ÌýThe module thenÌýdevelops an appreciation of the rationales for different corp orate governance approaches and their underpinnings. It discussesÌývariousÌýways of ensuring good governance. Next, the module analyses the concept of corporate social irresponsibility. Special emphasis will be placed on why firms behave irresponsibly and the potential implications.ÌýThe courseÌýalso studiesÌýthe roleÌýthatÌýinstitutional investors and key third parties, such asÌýratings agencies can play to promote good governance.ÌýCase studies from the busi ness world will be used to illustrate the keyÌýconcepts.Ìý

Brief description of teaching and learning methods:

Taught content for this module will primarily be delivered through lectures and syndicated learning, which will take place atÌýa designated location. Where appropriate materials and learning will also be shared through the Virtual Learning Environment (VLE) that is intended to facilitate and aid your learning journey within the MSc Programme.Ìý

Summative assessment- Examinations:

2 hours closed book written examination

Summative assessment- Coursework and in-class tests:

2,000 word coursework essay due in or after week 10 of the autumn term

Formative assessment methods:

There is an exam preparation and revision session (usually held in week 10).

Penalties for late submission:

Submission of coursework by your original deadline date or formally agreed extension to deadline date will not incur penalties.Ìý

Submission of coursework within 30 calendar days of your original deadline date (or formally agreed extension to deadline date) will incur a 10 marks reduction.Ìý

Submission of coursework more than 30 calendar days of your original deadline date (or formally agreed extension to deadline date) will incur a zero mark.Ìý

Assessment requirements for a pass:

50% weighted average mark

Reassessment arrangements:

Reassessment by 100% exam (capped at 50%); to be submitted within 6 weeks of notification of module failure, date dependent on cohort entry and to be advised by the Programme Administrator.

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Additional Costs (specified where applicable):

Last updated: 14 June 2021