Introduction to Corporate Governance
6 ECTS
Introduction to Corporate Governance
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Module Description
Corporate governance has proven to be a critical factor for any organisation, and even more so for financial institutions, affecting their sustainability, growth and overall future.
This module aims to explore both internal and external aspects of corporate governance. Students will learn about its significance to the company, directors, shareholders, and other stakeholders. The course will cover how effective corporate governance contributes to organizational stability and strategic growth.
Additionally, the module will detail the role and implementation of the compliance function within corporate governance frameworks.
By studying these concepts, students will gain insights into the regulatory environment and best practices that govern corporate behavior, preparing them to uphold ethical standards and promote transparency in corporate operations.
Entry Requirements
Candidates who apply for this course must possess the following:
- a qualification at MQF Level 4 (one A-level or equivalent in any subject);
AND
- a pass in English Language and Mathematics at MQF Level 3 (O-level or equivalent).
Target Audience
- This programme is targeted at people within the financial and banking sector, as well as other individuals seeking professional and academic advancement in AML and compliance.
Module / Unit Instructions
The proposed structure comprises a blended approach promoting the building of a community of practice via peer-to-peer learning. The structure uses primarily two dimensions of teaching-learning modes:
- Face to Face sessions
Face-to-face sessions include lectures, tutorials, discussions, presentations and workshop activities promoting peer-to-peer learning.
- Online Learning Activities
Online learning activities incorporate tutorials and asynchronous discussions. These may consist of active interaction, participation and contributions in fora discussions, sharing resources and self-reflection exercises. Learners also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.
How you’ll be assessed
The course comprises:
- Evening classes for part-time courses.
- Classes held throughout the day for full-time courses.
- Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
- Self-study hours comprising research, reading and assignment work.
Assessment
Assessment is carried out via two mandatory components:
- Assessment 1
- Assessment 2
The programme includes different forms of assessment which allow for and promote students’ critical engagement. The assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.
Learning Outcomes
Competences:
At the end of the module/unit the learner will have acquired the responsibility and autonomy to:
- Analyse the core concepts of corporate governance.
- Explain why regulation is required and the relevant regulatory framework for financial services.
- Examine the responsibilities and obligations for compliance, compliance risk assessment processes and managing cross-border compliance.
- Identify implications deriving from a complicated supervisory system initiating from the international decisions and ending with the local implementation by firms and professionals.
- Examine the combined implementation of major regulatory requirements currently in place both locally and on a European Level.
- Review the case of international economic sanctions as a case of regulation and compliance.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- Understand the importance of good corporate governance and the role of the directors in particular non-executive directives and executive directors.
- Explain the internal governance system and the role of the internal auditor, risk officer and the compliance officer as part of this system.
- Describe the methodologies for managing and mitigating compliance risk.
- Corporate Governance.
- Risk management.
- AML compliance and de-risking.
- Approaches to risk management.
- Key Compliance Risks in Financial Services.
- Managing and mitigating compliance risk.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Adopt an approach that understands the role of the directors in particular non-executive directives and executive directors.
- Implement the elements of a sound compliance risk management system.
- Outline the processes and internal controls to meet the requirements imposed by governmental bodies, regulators, industry mandates or internal policies.
- Adopt the role and the process by which companies manage and mitigate business risks.
- Implement effective compliance duties and manage compliance risk.
Module-Specific Digital Skills and Competences:
The learner will be able to:
- Navigate through the online learning platform to benefit from assignments, discussion boards, literature, tutorials etc.