GOVERNANCE, ETHICS AND RISK MANAGEMENT

ACC3GRM

2019

Credit points: 15

Subject outline

Ethical behaviour and responsibility are fundamental for financial services professionals in the contemporary business environment. Professionals in the financial services industry are required to have an ability to understand, evaluate and apply principles of ethics, governance, accountability and risk management. In this subject, you will gain knowledge and understandings of the key theoretical and practical elements of ethics, governance and risk management. You will focus on topics such as ethical theories, ethical decision-making processes, junctures between ethics, professionalism and organisations, economic crime, corporate governance mechanisms, boards of directors, corporate social responsibility, and risk management concepts and frameworks.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorLachlan McDonald-Kerr

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ACC2CRE

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
Discipline SpecificPrinciples of Ethics and Corporate Governance in Financial ServicesPrescribedSteven Dellaportas, Steen Thomsen and Martin Conyon (2012)McGraw-Hill Australia

Graduate capabilities & intended learning outcomes

01. Evaluate ethical principles, theories and decision-making processes.

Activities:
Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
Related graduate capabilities and elements:
Literacies and Communication Skills (Speaking)
Inquiry and Analytical Skills (Critical Thinking)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Describe and analyse connections and tensions between ethics, professionalism and the corporate environment.

Activities:
Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
Related graduate capabilities and elements:
Literacies and Communication Skills (Speaking)
Inquiry and Analytical Skills (Critical Thinking)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

03. Identify and critique corporate governance principles and mechanisms.

Activities:
Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
Related graduate capabilities and elements:
Literacies and Communication Skills (Speaking)
Inquiry and Analytical Skills (Critical Thinking)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

04. Define and analyse issues surrounding the roles, functions and structures of boards of directors.

Activities:
Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
Related graduate capabilities and elements:
Literacies and Communication Skills (Speaking)
Inquiry and Analytical Skills (Critical Thinking)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

05. Interpret risk management procedures and risk management frameworks.

Activities:
Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
Related graduate capabilities and elements:
Literacies and Communication Skills (Speaking)
Inquiry and Analytical Skills (Critical Thinking)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne, 2019, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLachlan McDonald-Kerr

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Tutorial Week: 32 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One Mid-semester Test (In-Class) (500-word equivalent)Individual assessment.20 01, 02, 03
One Individual Written Assignment (1,000-word equivalent)Individual assessment.20 03, 04, 05
One 3-hour Final Examination (3,000-word equivalent)Individual assessment.60 01, 02, 03, 04, 05