21012 Corporate Governance and Business Ethics

Corporate governance and business ethics have become prominent public concerns in recent years. Issues of corporate governance originated in the separation of ownership and control in the modern corporation, and various explanations of the resulting problems of control. The subject examines the different institutional elements of corporate governance and how these impact on economic performance. The internal mechanisms of governance are considered, and the wider influence of investors and stakeholders. The case for corporate social and environmental responsibility is also considered, and the continuing challenges and dilemmas of corporate governance.