MN–2003 Corporate Governance and Ethics


PRIFYSGOL ABERTAWE: SWANSEA UNIVERSITY 

DEGREE EXAMINATIONS: JANUARY 2017

MN–2003 Corporate Governance and Ethics          

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YOU ARE NOT PERMITTED TO READ THE CONTENTS OF THIS QUESTION PAPER UNTIL INSTRUCTED TO DO SO BY AN INVIGILATOR.

Answer ALL questions in Section A

Answer TWO questions ONLY in Section B

 

Dictionaries: Candidates may only refer to the English and Welsh language dictionaries available at the examination venue.

Calculators: Calculators may not be used. 

 

Complete all rough workings in the answer book and cross through any work which is not to be assessed.

 

QUESTION PAPERS CANNOT BE REMOVED FROM THE EXAMination ROOM

 

SECTION A

Answer ALL questions

 

Question 1

 

Describe and explain what is meant by ‘co-determination’ in the development of corporate governance in Germany.

[10 marks]

Question 2

 

Assess the difference between shareholder value and stakeholder theory when determining objectives for corporate governance.

 

[10 Marks]

 

Question 3

 

To what extent can shareholders in a large plc/inc in the UK and USA be effective in monitoring the board?

 

[10 Marks]

 

Question 4

 

What are the main advantages and disadvantages of a hybrid system of governance regulation?

 

[10 Marks]

 

Question 5

 

Explain the ‘inward looking’ and ‘outward looking’ function of the board of directors in a plc. To what extent do their legal duties affect their role?

[10 Marks]

 


 

SECTION B

Answer TWO questions ONLY

  

Question 1

 Explain the development of the ‘agency’ theory. Do you agree that the theory adequately explains the reasons for a fair system of corporate governance?

[25 Marks]

 

Question 2

 

Assess the development of corporate events in the US leading up to the Sarbanes Oxley Act 2002. Do the provisions of the act adequately deal with weaknesses in corporate management in the US?

[25 Marks] 

Question 3 

What is meant by the phrase ‘race to the bottom’ when addressing corporate governance and how can it be avoided?

[25 Marks]

 Question 4

Evaluate the significant differences between the utilitarian and deontological approaches to corporate ethics.

[25 Marks] 

Question 5

‘Comply or explain’ is a concept increasingly used as a means of ensuring that around world different corporate governance codes are adopted and practised. Would you agree that this is a sufficient response for companies to make, in order to ensure that the codes are being followed?

[25 Marks]

 Question 6 

‘The structure and governance of a company is a reflection of the culture of the country’.  Assess this view.

[25 Marks]

 

 

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