LAW7306

Corporate governance and directors duties ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader:

Offered:
City Second semester 2005 (On-campus)

Synopsis: The subject provides a thorough study of the law and practice of corporate governance in an international setting but with particular reference to Australia. It covers general concepts of corporate governance, focusing on the legal core, including the area of directors' duties. It builds upon the area of self regulation and other contemporary issues. Principal topics include: the concept of corporate governance; overview of the current framework of corporate governance and the role, duties and powers of directors, managers and shareholders; a specific examination of major duties of directors and recommendations for reform; duties of good faith, care and diligence.

Objectives: Upon successful completion of this unit, students will have achieved the following broad learning objectives: a good understanding the law relating to corporate governance including the rights, powers and duties of directors, managers and auditors; knowledge of legal and self regulation of corporate governance; a knowledge of current reform proposals; an awareness of law-and-economics perspective; and an introduction to comparative corporate law.

Assessment: Research paper: 50% (3750 words), Take-home examination: 50% (3750 words)

Prerequisites: LAW4171 Corporations Law OR LAW7277 Advanced Corporations Law