acc3grm governance, ethics and risk management
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
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Discipline Specific | Principles of Ethics and Corporate Governance in Financial Services | Prescribed | Steven 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
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Melbourne, 2019, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLachlan McDonald-Kerr
Class requirements
LectureWeek: 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.
TutorialWeek: 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 element | Comments | % | 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 |