SCHOOL OF ECONOMICS, FINANCE & BANKING

UUM COLLEGE OF BUSINESS

SEMESTER A132
No.

Information on Course

1.

Course Name :

CORPORATE GOVERNANCE

2.

Course Code: BWRR3123

3.

Name(s) of Academic Staff: DR NORLIDA ABDUL MANAB

4.

Rationale for the inclusion of the course in the programme:

This is one of the programme core courses for BRMI (Hons) students.

5.
6.

Semester/Year Offered: 4/2

Total Student Learning Time
(SLT)
L = Lecture

Face to face
L

29

10

SL

TLT

71.5

120

T = Tutorial
P = Practical

O = Others
9.

Credit Value: 3

10.

Pre-requisite (if any):

None

11.

Objective(s) of Course :
Students are expected to
1. understand the concepts and theories of corporate governance.
2. identify the good practice of corporate governance.
3. understand of mechanisms, as well as an overview of the particular issues of
corporate governance.

12.

Course Learning Outcomes:

Upon completion of the course, students are able to

1. describe the purposes of corporate governance(C1, P1, A1).

2. describe the primary roles of different governance bodies within a company,
such as, the board of directors, nomination committees and audit committees.
(C2, P2, A2)
3. explain theories that associated with corporate governance. (C2, P2, A2)
4. comment critically the differences of corporate governance rules in different
countries and examine the advantages and disadvantages of different
governance rules. (C4, P2, A3)
5. explain what is meant by internal control and enterprise risk management. (C2,
P2, A2)
13.

Transferable Skills:
Communication, problem solving, leadership and professional ethics.

14.

Teaching-learning and assessment strategy:

Mixed method between teacher-centred and student-centred. For the assessment
strategy it is a continuous assessment.

15.

Synopsis:
Corporate governance is concerned with collective action problems among
dispersed investors and the reconciliation of conflicts of interest between various
corporate stakeholders. The literature on corporate governance discusses, among
other things, the role and responsibility of owners, the role and responsibility of
boards, executive compensation, internal control and disclosure of governance
arrangements. The corporate governance code can be seen in many countries
where some have been legislated and some are simply recommended. The purpose
of this course is to give an overview of theories, principles as well as regulations
related to corporate governance.

16.

Mode of Delivery:
This course will be conducted in the forms of lectures, discussions and case study.

17.

Assessment Methods and Types:

Coursework: 60%
Final exam: 40%

18.

Mapping of the course/module to the Programme Aims

Programme Aims

Course Learning Outcomes

1

The aims of the Bachelor of Risk

Management and Insurance (Honours)
programme are to produce intellectual,
expert, competent and courteous
graduates in the field of risk
management and insurance in order to
meet the demand for workforce in
related disciplines.
22. 2

Mapping of the course/module to the Programme Learning Outcomes

Course Learning Outcomes

Programme Learning Outcomes

1

Identify and explaining the concepts

and
theories
related
to
risk
management and insurance.

Apply concepts, tools, and techniques

in solving real world risk management
problems faced by companies in the
pursuit of maximizing shareholders
wealth.

Ability to analyse critically and

analytically in the risk management
process to assist in making effective
decisions.

Communicate
effectively
graphically, and in writing.

orally,

Work effectively in teams and

demonstrate interpersonal skills in the
related discipline.
Carry out the professional ethical code
of conduct within the discipline of risk
management and insurance.
Update, enhance and integrate risk
management and insurance knowledge
for career development on a continuous
basis.

34.

Demonstrate entrepreneurial skill and

capabilities in identifying business
opportunities in risk management and
insurance.

Ability to supervise and understand the

roles of a leader.

Content outline of the course/module and the SLT per topic

Topic

1.0 INTRODUCTION

Learning
Outcomes
1

Face to Face
L
4.5

P/O

SL
4.5

TLT
9

1.1 Definition and Structure of Corporate

Governance
1.2 Governance and Responsibility
1.3 Four Pillars of Corporate Governance
1.4 Code of Corporate Governance
1.5 Benefits of Good Corporate
Governance
2.0 PRINCIPLES OF CORPORATE
GOVERNANCE
2.1

Elements of Corporate Governance

2.2 Directors and Board Structure

2.2.1 Directors
2.2.2 Directors Remuneration
2.2.3 Shareholders
2.2.4 Accountability and Audit
2.3 Best Practice in Corporate
Governance

4.5

4.5

3.0 THEORETICAL ASPECTS OF

CORPORATE GOVERNANCE

1.5

12

12

12

3.1 Theories associated with the

development of corporate governance
3.1.1 Agency theory
3.1.2 Separation of ownership and
control
3.1.3 Transaction cost economics
3.1.4 Stakeholder theory
3.1.4 Stewardship theory
3.2 Other theoretical perspectives

4.0 THE MALAYSIAN CODE OF

CORPORATE GOVERNANCE

1.5

4.1 The Significance of Code on

Corporate Governance for Malaysia.
4.2 The Approach Under the Malaysian
Code of Corporate Governance
4.3 The Recommendations
4.3.1 Principles
4.3.2 Best practices in corporate
governance
4.3.3 Exhortations to other participants
4.4 Compliance
4.4.1 Listing requirement for bursa
Malaysia
4.4.2 Sanctions for non-disclosure
5.0 CORPORATE GOVERNANCE
COMPLIANCE AND RISK

MANAGEMENT REQUIREMENT
5.1 The Background on Corporate
Governance Compliance and Risk
Management Requirement in
Malaysia.
5.2 The Relationship Between Corporate
Governance and Risk Management
5.3 Corporate Governance and Risk
Management Requirement.
5.4 The provision
6.0 INTERNATIONAL CODES OF
CORPORATE GOVERNANCE

12

1.5

4.5

1,2,3.4,5

1.5

4.5

29

10

42

84

SL

TLT

6.1 Principles and Practices of Corporate

Governance in other countries
6.1.1 United Kingdom
6.1.2 United State
6.1.3 Pan-Europe
6.1.4 Asia-Pacific
7.0 OTHER ISSUES
7.1 Socially Responsible Investment
7.2 Corporate Social Responsibility
7.3 Business Ethics
8.0 CORPORATE GOVERNANCE
FAILURES
8.1 Case Studies
8.2 Current Issues

Assessment

Face to Face

Course work

60%

46

60.5

106.5

Final examination

40%

2.5

11

13.5

48.5

71.5

120

Total Notional Hours

Credit Hours

Main Reference:
Mallin, Christine, A. (2013), Corporate Governance, Oxford University Press (4th edition),
United Kingdom.
Finance Committee on Corporate Governance (2000), Malaysian Code on Corporate
Governance: Securities Commission.
Malaysian Code on Corporate Governance 2012, Securities Commission.
Additional References:
Becht, Marco, Patrick Bolton and Ailsa Roell, (2002), Corporate Governance, European
Corporate
Colley, J., Doyle, J., Stettinius, W., & G. Logan (2003). Corporate governance: the McGrawHill Executive MBA Series. New York: McGraw-Hill.
Corporate governance codes in different countries are available at: http://www.ecgi.org/
codes/all_codes.php
Additional Information:
Email: norlida@uum.edu.my
Extension number: 6470
Room number: 141 (SBM Building)
Consultation hours: 9.00am -12.00pm Tuesday)