Singapore University of Social Sciences

Corporate Governance, CSR and Change Management for Sustainability (BUS615)

Synopsis

Students will learn the concepts and fundamentals of corporate governance, which at its narrowest, deals with how corporations are directed and controlled. This area rose to prominence in the light of recent major corporate collapses in the USA notably Enron and Worldcom. Many countries around the world (including Singapore) have issued Codes of Corporate Governance. The Code of Corporate Governance 2012 of Singapore notes that the role of Board includes the assessment and management of risk, and also mandates the Board to consider sustainability issues, e.g. environmental and social factors, as part of its strategic formulation. Students on this course will also be introduced to the concept of enterprise risk management, which provides a holistic approach that goes beyond the more usual management of financial risk. They will also explore corporate social responsibility and its importance to any company today as well as sustainable business practices.

Level: 6
Credit Units: 5
Presentation Pattern: Every January

Topics

  • The role of the Boards
  • Institutional elements of governance
  • Anglo-American Corporate Governance
  • Asian Governance
  • The Code of Corporate Governance 2012
  • The rise and impact of CSR
  • The Global Compact
  • The Singapore Compact
  • Corporate and Business Ethics
  • Definition of Enterprise Risk Management
  • Risk assessment
  • Non Traditional Security Threats (Environment, Cyber, Resources, Biological, etc)
  • Responding to risk
  • Monitoring and review

Learning Outcome

  • Judge the corporate governance structures adopted in Singapore against international guidelines and standards.
  • Advise or recommend to a hypothetical client on how to comply with Singapore's Code of Corporate Governance
  • Appraise the role of corporate social responsibility in business, especially in light of the UN Global Compact.
  • Design corporate social responsibility initiatives.
  • Investigate corporate and business ethics issues.
  • Assess the role of enterprise risk management in the context of corporate governance and propose to the client how best to manage the identified risk.
  • Justify the adoption of various economic principles and practices to particular decision making scenarios.
  • Assemble various resources to conduct research.
  • Develop course competence through discussions.
  • Demonstrate critical thinking.
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