FI5605 Corporate Governance
Academic year
2026 to 2027 Semester 2
Curricular information may be subject to change
Further information on which modules are specific to your programme.
Key module information
SCOTCAT credits
15
SCQF level
SCQF level 11
Planned timetable
To be arranged.
Module Staff
Sapnoti Eswar
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
Guided independent study hours
125
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.