Not currently offered
Course code

LAWS6034

Units

10 units

Level

6000 level

Course handbook

Description

Corporate Governance concerns the way that public corporations are directed, managed and controlled. It has been a controversial topic for as long as the corporate form has existed. In recent times that controversy has been considerably heightened by concerns that poor corporate governance contributed significantly to the Global Financial Crisis of 2007-8, the major corporate collapses of the beginning of this century, including Enron Corporation in the USA and HIH Insurance in Australia.

The course builds upon student's knowledge of corporate law to explore in greater depth the legal principles, rules, institutions and practices of corporate governance in the Australian context. The course provides students with an advanced and integrated understanding of the legal rules underlying key mechanisms of Australian corporate governance. During the course students will critically reflect upon and evaluate these key mechanisms in the light of past and current corporate performance, including key case studies on corporate accountability. Students will also be introduced to corporate governance perspectives from select comparable countries to assist with this critical reflection.


Availability

Not currently offered.

This Course was last offered in Semester 1 - 2014.


Learning outcomes

On successful completion of the course students will be able to:

1. Explain the key mechanisms of corporate governance in the modern Australian context

2. Demonstrate specialized knowledge of the legal doctrine, legal policy and regulatory theories underpinning the key mechanisms of corporate governance in the modern Australian.

3. Engage in high-level critical evaluation of differing approaches to corporate governance in the Australian context.

4. Critically reflect on Australian corporate governance in the light corporate governance perspectives from select comparable jurisdictions.


Content

Topics in this course include:

  1. Corporate Governance: History and Theory.
  2. Australian Corporate Governance: System and Structure.
  3. Legal Duties of Directors and Officers.
  4. Structure of Corporate Boards.
  5. Corporate Information Disclosure.
  6. Membership Voting and Litigation
  7. Third Party Auditing of Financial Accounts
  8. Influence of Market Forces: Takeovers and Executive Remuneration
  9. Regulatory Intervention
  10. Informal or "soft law" initiatives and the role of private regulators such as the Australian Securities Exchange.
  11. Case Studies on Corporate Accountability
  12. Corporate Governance and Corporate Social Responsibility

Requisite

This course is only available to students enrolled in the Juris Doctor/ Graduate Diploma in Legal Practice or Master of Laws programs.


Assumed knowledge

For Master of Laws Students: Nil For Juris Doctor/Graduate Diploma in Legal Practice Students: LAWS 6010 Company Law


Assessment items

Formal Examination: Examination: Formal

Participation: Class Participation

Essay: Research Essay