This course presents 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 major corporate collapses in the USA, notably Enron and WorldCom, and recent cases in other countries, namely Nissan case. Many countries around the world (including Singapore) have issued Codes of Corporate Governance. The Code of Corporate Governance 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. In addition, students will be introduced to the concept of corporate social responsibility and business ethics, and their impact to corporations today. Finally, students will have an opportunity to explore change management and how innovation can contribute to improve change management, which in turn, can help them sustain and grow their business.
Credit Units: 5
Presentation Pattern: Every January