Introduction to Corporate Governance
6 Credits (ECTS)
Introduction to Corporate Governance
Get 70% back via Tax Credit
€224 refund on this module
Module Description
**Module Description**
Corporate governance is a critical factor for any organization, particularly for financial institutions, as it significantly impacts their sustainability, growth, and future. This module aims to address both the internal and external aspects of corporate governance.
It highlights the importance of corporate governance to the company, its directors, shareholders, and other stakeholders.
The course will delve into the principles and practices that ensure effective governance, fostering accountability, transparency, and ethical conduct.
Additionally, the module will explain how the compliance function is carried out, emphasizing its role in upholding governance standards and ensuring regulatory adherence.
Through this module, students will gain a comprehensive understanding of the vital role corporate governance plays in organizational success.
Entry Requirements
Candidates who apply for this course must possess one of the following:
• A related qualification at MQF Level 4
and/or
• One ‘A’ Level or equivalent and a pass in English Language*, Mathematics, and/or Business Studies at MQF Level 3 (‘O’ Level or equivalent).
• Preference will also be given to applicants having 1 year work experience related to the study programme.
*In the case of students who do not possess all the formal required academic qualifications, then the Recognition of Prior Learning (RPL) process could be applied such that if evidence of equivalent learning is found then the applicant could still be accepted in the course.
Target Audience
This course is targeted at:
- Individuals seeking to advance their academic and professional knowledge in Insurance.
- Individuals wanting to pursue a wide range of career paths within the insurance profession.
- Individuals wanting to enhance their ability to interpret, assess and communicate insurance related information.
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.
Module Intake Dates
October 2024
Additional Info
Reading for the entire B.Sc. in Insurance Studies as presented herein costs €9,000.*
Upon successful completion of this course, students will be eligible for a 70% refund of the cost through the ‘Get Qualified’ scheme.**
Due to the modular structure of the course, you may also opt to take individual modules as stand-alone. The entry requirements still apply.***
*Prices are applicable to students who reside in Malta at the time of applying.
**Terms and conditions apply.
*** For the price of individual modules, please contact the IDEA Academy team.
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.
At the end of the module/unit the learner will have been exposed to the following indicative content:
- 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 Communication Skills:
The learner will be able to:
- Communicate ideas, problems, and solutions to both specialist and non-specialist audiences.
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.