This module aims to cover a range of corporate governance issues and issues and trends associated with risk management that contribute to an organisation’s financial performance.

Therefore, a range of the following topics will be covered:
The relevance and importance of corporate governance;
Corporate governance and firm theory;
Stewardship and agency theory debate;
Board of directors and committee structure and responsibility;
Regulations relevant to company directors and officers;
Regulations and corporate governance and reporting.
The influence of corporate governance codes on board of directors' activities.
External auditors and corporate governance;
investors and shareholders activities;
Ownership and corporate performance;
Decision-making on board reward systems: theoretical arguments and empirical evidence;
Corporate control mechanism.
Corporate governance in the public sector;
Corporate citizenship and responsibility.
The purpose and core elements of the risk management process within an organisational context, including:
-Risk assessment
- Risk analysis and evaluation
- Risk response and Business continuity
- Risk Strategy, control and risk reporting- Managing uncertainty
- identifying risk appetite
Risk Management techniques and evaluation
-Approaches on risk response and business continuity.
-The role of Risk Governance, Leadership and Communication
Current trends in risk management such Enterprise Risk Management, Operational Risk Management will be covered through practice/problem-based case examples that takes account of reaction

It is also designed to cover the following sections of the Apprenticeship Standard for Senior Leader Apprenticeship:

Duties:
Duty 5: Lead and respond to crisis management, assessing the risks and opportunities which could affect business/department performance, and finding solutions that meet the needs of both the organisation and its customers/stakeholders in a responsible and ethical way
Duty 8: Report to the Board (or relevant governance/management structure) on the progress of their operational activities towards achieving business goals.
Duty 12: Ensure that their area of responsibility is compliant with internal governance, such as any assurance framework requirements, and with external governance, such as any regulatory and statutory requirements.

Mapped to KSBs:
K9: Financial governance and legal requirements, and procurement strategies.
K12: Influencing and negotiating strategies both upwards and outwards.
K17: Crisis and risk management strategies.
K19: Approaches to developing a Corporate Social Responsibility programme.
S3: Undertake research, and critically analyse and integrate complex information.
S5: Lead and respond in a crisis situation using risk management techniques.
S8: Apply principles relating to Corporate Social Responsibility, Governance and Regulatory compliance.
S12: Oversee procurement, supply chain management and contracts.
S19: Manage relationships across multiple and diverse stakeholders.
S20: Lead within their area of control/authority, influencing both upwards and outwards, negotiating and using advocacy skills to build reputation and effective collaboration.
B1: Work collaboratively enabling empowerment and delegation.
B3: Curious and innovative - exploring areas of ambiguity and complexity and finding creative solutions.

Your portfolio of evidence should identify your significant involvement in activities related to risk and crisis management, overseeing and reporting on operational matters to senior decision-makers, including financial and resource impact and demonstrate your involvement in relevant governance activities. (Learning outcomes 1, 2, 3, 4)

Your report should include an analysis of the current challenges related to risk, governance and financial management within your organisations and make recommendations for overcoming these. (Learning outcomes 1, 2, 3, 4)

Scheduled learning and teaching activities: 104 hours
To consist of:
Face-to-face which will include groupwork, formal teaching, case study analysis, guest speakers and students will be encouraged to share their workplace experiences with others
Online live webinars to take the form of tutorials involving opportunities for group discussion and presentation, flipped-classroom opportunities, further groupwork and case study analysis

Guided independent study: 296 hours
To consist of:
Accessing additional online content such as videos and presentations
Independent reading to consolidate knowledge gained in the formal teaching
Undertaking formative tasks set by the tutor to consolidate learning
Assessment preparation and writing and gathering evidence
Portfolio building

Module Learning Outcome
1. Establish critical understanding of risk management and associated attributes of communication and leadership within risk management in the context of your organisation.

University Learning Outcome
Knowledge and Understanding Learning

Module Learning Outcome
2. Critically assess enterprise and operational risk management and take appropriate action in the face of risk and uncertainty

University Learning Outcome
Enquiry Analysis Problem solving

Module Learning Outcome
3. Demonstrate a comprehensive and systematic knowledge and understanding of techniques to aid interpretation and evaluation of key financial statements of a wide range of business types as well as contemporary issues impacting financial practices within your organisation

University Learning Outcome
Knowledge and Understanding Learning

Module Learning Outcome
4. Apply knowledge and critical understanding of the environment of corporate governance and the roles of the main regulatory bodies that are relevant to your organisation

University Learning Outcome
Application Reflection Communication

Journals: The Journal of Operational Risk, Journal of Risk and Uncertainty, Risk Analysis, Governance, Journal of Management and Governance, Corporate Governance, Journal of Public Administration Research and Theory

Bavly, Dan A. (1999) Corporate Governance and Accountability: What Role for the Regulator, Director and Auditor- Greenwood Publishing Group, Incorporated
Fahy, Martin; Weiner, Anastasia; Roche, Jeremy (2005) Beyond Governance: Creating Corporate Value through Performance, Conformance and Responsibility, John Wiley & Sons Incorporated. ISBN: 0-470-01151-3
Renn, O., 2017. Risk governance: coping with uncertainty in a complex world. Routledge.
Bourrier, M. and Bieder, C. eds., 2018. Risk Communication for the Future: Towards Smart Risk Governance and Safety Management. Springer.
Hopkin, P., 2018. Fundamentals of risk management: understanding, evaluating and implementing effective risk management. Kogan Page Publishers.
Lewis G, (2006) Organisational crisis management, the human factor, Auerbach Publications
Michal T, Katarina, H, Josef R (2018) Crisis Management: Theory and Practice, IntechOpen (E-Book)
Horner, D (2015) Accounting for non-accountants, 10th edition, Kogan Page (E-Book)

The module is only open to those enrolled on the Senior Leader Apprenticeship programme.

This module aims to cover a range of corporate governance issues and issues and trends associated with risk management that contribute to an organisation’s financial performance.