BUSINESS ETHICS, GOVERNANCE AND RISK

Description

This module provides students with essential principles for responsible business management. This is achieved by giving students an understanding of three key pillars: - 1. Business ethics 2. Corporate governance 3. Risk Management In the current world of uncertainty, it is imperative that students of business understand and practice responsible management. This requires an understand of the institutional systems that have led to the development and enforcement of corporate governance. The module provides awareness of contemporary ethical frameworks and values of organisations as well as the individual attributes required for responsible management. Students are expected not just to have an academic understanding of business ethics but to embed it into their practice as business ready graduates. Business is about managing risk. Recent events have shown that a good understanding of risk identification, assessment, and mitigation are essential for managing downside risks whilst making the most of upside risks. The module will use recent examples of business failures and scandals to illustrate the importance of ethics, corporate governance, and risk management to responsible managers. Corporate Governance Definition of governance Different approaches to corporate governance and its regulation The board of directors responsibilities, committees, remuneration Corporate responsibility and governance Professional values and ethics Contemporary theories on business ethics Framework approaches to business ethics Individual responsibility and integrity in the context of business Risk and the risk management process Defining and Identifying risk Applying risk management frameworks Assessing, monitoring, controlling, and risk reporting Governance, ethics, and risk management of professional responsible business management Apply key frameworks of, Ethics, corporate governance, and risk management. Facilitate the analysis of current companies, corporate governance frameworks, execution of ethics and risk management. Understand the requirements of responsible management through the integration of ethics, governance, and risk management. Attributes Developed 001 Develop knowledge evidenced by the ability to explain different mechanisms of corporate governance, ethical theories, and risk management frameworks. CKPT 002 Explain the role of corporate governance in the management of organisations. CKPT 003 Explain and analyse the relevance and importance of the identification and management of risk. CKPT 004 Explain ethical frameworks and the requirement to demonstrate ethical behaviours as evidence of responsible management. CKPT 005 Analyse and discuss business scandals to identify early warning signs of impaired governance, ethical failure, and poor risk management. CKPT