DETAILED COURSE CONTENT



Course Code :

COMC41542


Title :

Corporate Ethics & Governance


Type/Status :

Elective

aaaaaaaaaaaa Aims :
This course module is designed to provide the student with a basic understanding of ethical environment for professionals, corporate governance and other statutory compliances.
Learning Outcome : aaaaaaaaaaaaaaaa
By the end of the course students will be able to
  • demonstrate an understanding of the importance of ethics to business generally
  • understand the corporate ethics for accounting professionals
  • identify the requirements under corporate governance and best practices     .
  • explain the development of corporate governance to meet public concern in relation to the management of companies
  • explain the impact of corporate governance on the directors and management structure of companies and how this benefits stakeholders
  • understand the other ethical requirements in preparing  financial statement based reports


Course Content : The free market system and business; Code of ethics; General applications and fundamental principles, Ethical requirements for Professional Accountants in public practice, Ethical requirements for Professional Accountants in Business. Corporate governance; The board, appointments, re-appointment, roles and responsibilities, Chairman and CEO, Financial acumen, Regulatory Bodies & Standard Setters and Best Practices, Directors, Roles and Responsibilities of Management, Remuneration committee, Accountability & Audit, Audit committee, Code of business conduct & ethics, Roles and Responsibilities, Stakeholders’ Roles and Responsibilities, Roles and Responsibilities of Other Corporate Governance Participants Technology and Corporate Governance ,Corporate Governance in Private and not for Profit Organizations

Other statutory compliances; CSE listing rules (Sec 7), Companies Act (sections 56 to 69, 148 to 171 and 192), Takeovers and Mergers Code


Method of Teaching & Learning:

Lectures, Assignments and Presentations.

Scheme of Evaluation:

End semester examination, Assignments and Presentation.

The weights given to each component of the evaluation

method is announced at the commencement of the module.



Recommended Readings:

Alexander B, (2011), Corporate Governance and Business Ethics, 1st Edition, Springer

Code of Best Practice on Corporate Governance (2009), Institute of Chartered Accountants of Sri Lanka & The Securities and Exchange Commission of Sri Lanka

Companies Act No. 7 of 2007

Crane A, Matten D (2010), Business Ethics: Managing Corporate Citizenship and Sustainability in the Age of Globalization 3rd ed. Oxford University Press, USA

Lorsch J W. (2012), The Future of Boards: Meeting the Governance Challenges of the Twenty-First Century, Harvard Business Review Press

Monks R. A. G., Nell Minow (2011), Corporate Governance, 5th Ed, Wiley

Rezaee Z, (2008), Corporate Governance and Ethics, John Wiley & Sons

Securities and Exchange Commission Act No. 36 of 1987 and amendments there to.

Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995

Takeovers and Mergers Code, Securities and Exchange Commission

The Code of Ethics for Professional Accountants, (2010). The Institute of Chartered Accountants of Sri Lanka, Sri Lanka.

The Sarbanes-Oxley Act of 2002