58³Ô¹Ï

FI5605 Corporate Governance

Academic year

2026 to 2027 Semester 2

Key module information

SCOTCAT credits

15

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 11

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Planned timetable

To be arranged.

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr S K Eswar

Dr S K Eswar
This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Sapnoti Eswar

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

Much of the productive capacity of the global economy is owned within corporations. Once these corporations achieve significant age or size, they typically attract risk capital through (regulated) securities. Why and how do those who supply this risk capital receive reasonable assurance that the enterprises, in which their savings are invested, will be operated soundly? This course will provide materials to enable students to interrogate these and related questions. Students will critically evaluate internal and external mechanisms of corporate governance to understand their strengths and shortcomings. External mechanisms include mergers and acquisitions (M&A) leveraged buyouts (LBOs), financial and product markets and participants (Venture Capital, Private Equity firms, shareholder activists). Internal mechanisms include boards, executive compensation, and institutional investors. The module aims to develop students’ understanding of corporate governance issues at an advanced level.

Assessment pattern

50% exam; 50% coursework

Re-assessment

100% exam

Learning and teaching methods and delivery

Weekly contact

Lectures (2hrs x 11 weeks), tutorial (1hr x 5 weeks)

Scheduled learning hours

27

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

125

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • By the end of the module, students will be able to identify and analyse the agency problems in different ownership structures and legal environments
  • By the end of the module, students will be able to evaluate the effectiveness of and interplay between internal control systems and external market forces in shaping governance practices.
  • By the end of the module, students will be able to apply a variety of valuation techniques to analyse how corporate financial decisions and corporate control events - such as mergers & acquisitions, leveraged buyouts, and restructurings - will influence firm value, investor confidence and access to capital.
  • By the end of the module, students will be able to diagnose the hallmarks of governance failures and successes in real-world cases and formulate and defend governance solutions that address ethical dilemmas and improve long-term accountability.
  • By the end of the module, students will have developed the ability to synthesize complex academic literature and financial data, discuss recommendations in professional environments, and effectively communicate technical insights to both expert and non-expert stakeholders.