Module code: MANM378

Module Overview

As a result of a range of recent corporate scandals an increased emphasis has been put on corporate social responsibility and the need for the board of directors to conform to an ethical code of conduct while managing the affairs of an entity. This module explores how corporate governance examines the system of rules, principles and procedures through which a company is run to promote the best interest of its shareholders, other stakeholders and the wider society. 

Module provider

Surrey Business School

Module Leader


Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 7

Module cap (Maximum number of students): N/A

Overall student workload

Independent Learning Hours: 117

Lecture Hours: 22

Tutorial Hours: 11

Module Availability

Semester 2

Prerequisites / Co-requisites


Module content

Indicative content includes, but not exhausted to:


  • Theoretical frameworks for corporate governance, accountability and ethics 

  • The consequences of corporate governance weaknesses and failure

  • Examples of Corporate Failure and ethical implications

  • The UK corporate governance framework: Codes of Practice and governance reviews

  • Internal mechanisms: board effectiveness, the role of non-executive directors, remuneration structures

  • External mechanisms, especially the role of institutional investors.

  • International corporate governance: comparative analysis 

  • Corporate governance and stakeholder accountability: holistic governance

  • Responsible investment

Assessment pattern

Assessment type Unit of assessment Weighting
Oral exam or presentation GROUP PRESENTATION 50
Coursework GROUP COURSEWORK (2,500 WORDS) 50

Alternative Assessment

Alternative Assessment for each assignment will be: Individual Assignment (1,000 words)

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate a number of learning outcomes that are directly related to the topics delivered in various weeks. The assessments are designed to capture learning in all the topics and the summative assessment for this module consists of two parts: the group presentation (50%) and the coursework (50%).


Both types of examination are designed to assess the student’s ability to comprehend and critically discuss the relevant theoretical concepts relating to Ethics in Finance.


Formative assessment and feedback


Tutorials provide a platform of frequent feedback in the topics covered preparing, thus, the student for his/her success in the group presentation and coursework. Additionally, the module offers a platform for students to give and receive feedback via SurreyLearn. Finally, weekly office hours aim to provide additional feedback and assist students with the workload.

Module aims

  • The aim of this module is to give a critical awareness of corporate governance and ethics, their relevance within modern organisations and the mechanisms which can be adopted to improve corporate governance, ethics and professional principals. Further, the module aims to enable students to discuss, analyse, and assess various topics and themes in Ethics in Finance.

Learning outcomes

Attributes Developed
001 Discuss the key corporate governance and ethics concepts in their economic, political and legal context and evaluate the development of corporate governance regulations, codes and practice in a UK and in an international context KCPT
002 Critically discuss and evaluate current debates on the role of the board of directors, non-executive directors and institutional investors, and understand the importance of internal control and risk management systems and the appropriate basis for setting remuneration for top management KCPT
003 Explore the role of sustainability reporting and assurance, integrated reporting and stakeholder engagement as mechanisms of corporate governance and stakeholder accountability KCPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The module commences in the Summer Semester.


The learning and teaching strategy is designed to allow students to familiarise themselves with an essential mix of theory and practice of various aspects in governance and ethics.

  • Lectures introducing the topic of discussion

  • Tutorial sessions for solving problems and understanding the underlying theory introduced in lectures. Tutorials are an integral part of the module as they provide a critical review and an empirical assessment of each topic

  • Lectures and tutorials will be supported by directed reading in textbooks and relevant journal articles

  • SurreyLearn is used as the main pool of resources including lecture handouts, tutorial problems, and mock test/exams.

  • Feedback will be provided on a regular basis during lectures and tutorials as well as during weekly office hours


    The learning and teaching methods include:

    Total student learning time 150 hours. (time commitment and allocation to be confirmed)

    1. Lectures=22 hours

    2. Tutorials=11 hours

    3. Out of class lecture reading=60 hours

    4. Out of class tutorial reading=30 hours

    5. Out of class academic journal reading=13 hours

    6. Out of class relevant magazine/newspapers reading=14 hours

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list
Upon accessing the reading list, please search for the module using the module code: MANM378

Programmes this module appears in

Programme Semester Classification Qualifying conditions
International Financial Management MSc 2 Compulsory A weighted aggregate mark of 50% is required to pass the module
International Corporate Finance MSc 2 Compulsory A weighted aggregate mark of 50% is required to pass the module
Accounting and Finance MSc 2 Compulsory A weighted aggregate mark of 50% is required to pass the module
Investment Management MSc 2 Compulsory A weighted aggregate mark of 50% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2020/1 academic year.