Directors and managers need to understand their responsibilities to their company, shareholders, employees, customers and society, and appreciate rules and behaviours that lead to good governance. This unit will examine key elements of what constitutes good corporate governance. It will review key regulatory drivers that influence company management, including stock exchange regulation, and consider the main internal control systems necessary to effectively manage contemporary business organisations. It will equip students with knowledge of relevant business rules and regulations. The unit will critically review important areas of company law. Topics covered include: types of companies; corporate personality; company constitutions; contracts made by the company; share capital and loan capital; the duties of directors and managers; and shareholder remedies.
Unit details
Location:
Study level:
Postgraduate
Credit points:
12
Unit code:
BLO5540
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Learning Outcomes
| 1. | Critically reflect upon different perspectives of the firm, taking into account the stakeholder versus shareholder debate in the context of corporate social responsibility; | ||
| 2. | Interpret the obligations Directors, managers and employees owe, as corporate agents, to the organisation, shareholders and broader society; | ||
| 3. | Critically review the Australian legal system and institutions relevant to commercial actors and advisers, forming viewpoints on debates about the management of business organisations and investigating the ways political, economic and technical factors contribute to the evolution of commercial and contract law; | ||
| 4. | Investigate the legal context in which firms exist, including the ways political, economic and technological factors contribute to the evolution of commercial and contract law; | ||
| 5. | Analyse key laws that impact upon managers' roles; and | ||
| 6. | Deduce the application of relevant legal rules and principles to commercial problems. |
Assessment
| Assessment type | Description | Grade |
|---|---|---|
| Test | Online quiz | 20% |
| Case Study | Case study research assignment | 30% |
| Examination | Final examination (focused on duties of directors and managers) | 50% |
Required reading
Business and Corporations Law 3rd
Fitzpatrick J, Symes C, Veljanovski A, Parker D. (2017)
Lexis Nexis Butterworths
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