BFA 211 Unit Outline Corporate Governance

BFA 211 Unit Outline Corporate Governance
School of Accounting and Corporate Governance
Faculty of Business
BFA 211
Corporate Governance
Semester Two 2010
Unit Outline
Barry Hicks, BA LLB
CRICOS Provider Code: 00586B
Contact details
Unit coordinator/lecturer:
Campus:
e-mail:
Phone:
Fax:
Room number
Consultation hours:
Barry Hicks
Hobart
[email protected]
6226 2802
6226 7845
424
By appointment in Hobart or via email with 48
hour turn around during business hours (Mon Fri, 9.00am - 5.00pm)
© The University of Tasmania 2010
Contents
Unit description
Learning outcomes
Generic graduate attributes
Alterations to the Unit as a Result of Unit Feedback
Learning Outcomes/Generic Graduate Attributes Matrix
Prior knowledge &/or skills
Learning resources required
MyLO facilities used for this unit
Details of teaching arrangements
Unit Schedule
Learning expectations and strategies
Specific attendance/performance requirements
Assessment
How your final result is determined
Submission of assignments
Requests for extensions
Penalties
Review of results and appeals
Academic referencing
Academic Misconduct
Further information and assistance
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Unit description
The focus of this unit is to develop an understanding of corporate governance as
applied to the activities of large corporations. Consideration is given to the
development of corporate governance practices since the early 1990s both in Australia
and overseas. The aim is to show how the adoption of high standards in relation to
corporate governance can lead to a significant improvement in company performance;
compliance with legal regulations; disclosure of information and transparency;
accountability; ethical conduct and economic growth.
The unit is delivered flexibly via a unit CD/DVD and MyLO.
Learning outcomes
On completion of this unit, you should be able to:
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Explain the nature and benefits of good corporate governance and how it has
developed in Australia and overseas;
Differentiate the roles and functions of the various stakeholders in corporate
governance in the private sector;
Identify and apply the recognised principles, guidelines, recommendations and
practice suggestions for good corporate governance to companies and
organisations in the private sector; and
Provide advice to companies and organisations in the private sector in relation
to the introduction, implementation and maintenance of the principles,
guidelines, recommendations and practice suggestions for good corporate
governance.
Generic graduate attributes
The University has defined a set of generic graduate attributes (GGAs) that can be
expected of all graduates. Further information is available from the following
website:
http://www.learningsupport.utas.edu.au/generic_attributes.html.
By undertaking this unit you should make progress in attaining the following
attributes:
 Knowledge: Reasonably detailed knowledge in corporate governance and
the ability to apply that knowledge to diverse corporate governance and
related situations. Lifelong learning skills in pursuit of professional
development.
 Communication Skills: High level written communication skills in a range
of formats, considering audience needs and appropriate to real world business
situations relevant to corporate governance.
 Problem Solving Skills: The ability to apply logical thinking to a range of
corporate governance problems. An awareness of when information about
corporate governance is needed and the capacity to locate, analyse and use
relevant information.
 Global Perspective: The ability to connect with diverse people on a
professional basis and a respectful approach to their cultures and traditions.
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An awareness of the global business environment and the ability to evaluate
and incorporate its influence in governance practices and decisions.
Social Responsibility: The ability to determine and apply an ethical
framework to simulated governance tasks and situations. An awareness and
understanding of the social responsibilities of corporate governance practices
and the ability to make decisions that consider sustainability and the public
interest.
Alterations to the Unit as a Result of Unit Feedback
The Unit Materials have been updated in various sections to take account of legal and other
changes so that the materials are now fully up to date. The quantity of the Unit Readings has
been reduced. Assessment Tasks have been revised.
Learning Outcomes/Generic Graduate Attributes Matrix
Assessment task 1
Assessment task 2
Assessment task 3
Assessment task 4
Learning Outcomes:
Participation in MyLO
Assessable Discussions
Assignment 1
Assignment 2
Capstone Assignment
Learning outcome 1
Learning outcome 2
Learning outcome 3
Learning outcome 4
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Knowledge
Communication skills
Problem-solving skills
Global Perspective
Social responsibility
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UTas Generic Graduate
Attribute
Matrix adapted from Unit Outline, Faculty of Business, University of the Sunshine Coast 2003
Prior knowledge &/or skills
The prerequisite for the Unit is BFA141 Commercial Transactions.
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Learning resources required
Requisite texts
There is NO text for this unit. However, a book that is now out of print has been previously
prescribed and remains useful for this unit. The book has been copied and copies will be
made available to you with the “Course Materials” (see next paragraph).
The book is:
Kiel, G & Nicholson, G. Boards that Work: A New Guide for Directors, McGraw-Hill,
Sydney, 2003.
Course Materials
“Course Materials” will be provided to you through an interactive Unit CD/DVD.
They are in modular format ie: Modules 1-6. The Course Materials include
PowerPoint presentations with audio narrations (with copy slide shows in PDF
format) and Readings taken from books, journals, magazines, websites, reports and
other sources (some in PDF format). Videos are also included. The Readings and
videos are intended to be used in addition to and in conjunction with the prescribed
textbook.
Internet
From time to time reference is made in the Course Materials to further materials
located at various internet sites. You will be required to examine that further material
when directed to do so and in some cases it may be required or appropriate for you to
take copies.
MyLO
General
MyLO is an internet service that has been adopted by the University and will be used
in this unit. MyLO may be accessed on computers in computing laboratories at the
University or on your computer at home or at work. Information about accessing and
using this service, about required computer specifications, frequently asked questions,
and about how to get help if you experience difficulties, is available at the following
University website: http://www.utas.edu.au/coursesonline
You are strongly advised to visit this site and become familiar with the features of
MyLO, especially if you have not used it before. You will probably be using it in
other units that you are studying as well. Here are some important points about
accessing our web site:
Access to MyLO
You can access your MyLO course from the Student Page on the University‟s web
site: Current Students Quick Links MyLO or go directly to the web address
noted above:
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
Enter your email POP account “Username” (for example, dsmith) and your
“Password”. These are identical to the pop account/email username and
password that you are given with your enrolment confirmation form. If you
forget your pop account username, contact the Help Desk (see below under
„getting assistance with MyLO). Both MyLO and e-mail passwords must
remain the same. If you are going to change your password, change your email password first.

When you enter your user name and password, click on OK and choose
“BFA211” from the list of units (subjects) in which you are enrolled. [NOTE:
Another box may periodically appear when using the University network
which asks you to verify your user name & password, this is simply a security
device – enter your password when asked & click OK].
o MyLO will automatically check that your browser is properly
configured. If the MyLO „browser checker‟ window appears – scroll
down to make sure you have a tick in each area shown – then close the
window.

From the Unit‟s homepage click on the area you wish to access e.g. “Unit
Information”. A table of contents will appear on the left hand side of your
screen. Scroll through the list until you find what you want & click the
underlined topic.
MyLO facilities used for this unit
1. “Announcements” – MyLO offers an “Announcements” facility, which the Unit
Coordinator will use in connection with this unit to make announcements to you from
time to time. Only the Unit Coordinator can use the „Announcements facility‟.
However, you will see below under „Communication Tools‟ that there is a
„Discussions‟ area with allocated „Topics‟ that you can use for personal
communication, either with the Unit Coordinator or, with other students, and you
should make use of these.
2. “Communication Tools” - MyLO offers a “Communication Tools” area within
which are located „Discussions‟ and „E-Mail‟, both of which the Unit Coordinator
will use in connection with this unit.
“Discussions” – this area is provided for on-line Discussion between the Unit
Coordinator and you and between you and other students. Discussion is arranged
under a list of „Topics‟, which are as follows.
“Assessable Discussion” (Modules 1-6) – Assessable Discussions are a part of this
unit (see later in this Outline). The Unit Coordinator has opened six (6) Discussion
Topics that create discussion areas for each Assessable Discussion. The number of
Assessable Discussion Topics is equal to the number of Assessable Discussions that
students MUST participate in (see later in this Outline). There is one (1) Assessable
Discussion for each of the six Modules.
“General Discussion” (Modules 1-6) – The Unit Coordinator has opened Topics for
each of the six (6) Modules in which you can make postings in relation to the
particular Modules (these are for Non-Assessable Discussion ONLY). For example,
you may have questions to ask of the Unit Coordinator about a Module or comments
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to make to your fellow students or questions to ask of them in terms of generating
discussion that will help you or may be of interest to them. The questions for
consideration that are posed in each Topic or the activities may raise issues that you
would like to discuss with other students and they are provided in part for this reason.
By arranging General Discussion Topics in this way, it will make it easier for you
later to find postings that relate to one of the six (6) Modules if you wish to read them.
It will also be easier for you to find the best place to put your postings so that other
students will be able to find them easily and read them. DO NOT USE THESE
GENERAL DISCUSSION TOPICS FOR ASSESSABLE DISCUSSION.
“Assignments” (1 and 2) - The Unit Coordinator has opened two (2) Topics in which
you can make postings in relation to the Assignments. You may have queries that you
wish to raise with the Unit Coordinator for example and can use these topics for that
purpose.
“Capstone Assignment” - This topic has been opened to allow you to ask questions of
the Unit Coordinator in relation to the requirements for the Capstone Assignment.
“Café” - The Unit Coordinator has opened this Topic so that you can communicate
with other students with a view to getting to know everyone in the unit. The UNIT
COORDINATOR would like you to make postings to this Topic at the start. You
should provide some information about yourself and what you are doing, what your
interests are and what you think about the unit. You can also use the „Café‟ to make
postings about current issues that are relevant to the unit that you may have seen on
TV or read about in the press recently, etc (if you do not choose to place them in one
of the “General Discussion Topics” mentioned above). You should do your best to
make it into a real café atmosphere. You should try to create an on-line community
with other students. You will enjoy it!
“Feedback” - The Unit Coordinator has opened this Topic so that you can make
comments, suggestions and criticisms, which are anonymous. This is a very important
facility so far as the Unit Coordinator is concerned for the following reasons. There
may be issues that need to be addressed and a „Feedback‟ Topic allows these matters
to be identified so that the Unit Coordinator can respond appropriately and take action
where necessary. Secondly, it allows you to make valuable contributions and to feel
that your voice is being heard. Don‟t hesitate to use the facility.
3. “Mail”
If you wish to communicate with the Unit Coordinator privately, you can use the
MyLO (email) facility to do this OR you can send emails to the Unit Coordinator at:
[email protected] If you send them to the latter address they will be seen
more quickly and this can result in an earlier reply.
Computer hardware & software
Unit Specific Software
To run the Unit CD/DVD there are certain technical and software requirements. These
are detailed on the sheet forwarded to you with the Unit CD/DVD and on the unit
CD/DVD under - “Technical Requirements for this CD/DVD”. You should read this
information carefully to ensure that you will be able to run the CD/DVD on your
computer and make full use of the course materials on it.
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For MyLO
To access MyLO from your own computer you will need the appropriate software,
and hardware to run that software. See Learning Online at
http://uconnect.utas.edu.au/ for computer software you will need.
Note: Older computers may not have the hardware to run some of the required
software applications. Contact your local IT support person or the Service Desk on
62 26 1818 if you experience difficulties.
For further information on using MyLO self help sheets can be accessed at:
http://www.utas.edu.au/coursesonline
Details of teaching arrangements
This unit is offered by flexible delivery. NO formal face-to-face classes or meetings
are scheduled.
Occupational health and safety (OH&S)
The University is committed to providing a safe and secure teaching and learning
environment. In addition to specific requirements of this unit you should refer to the
University‟s policy at: http://www.admin.utas.edu.au/hr/ohs/pol_proc/ohs.pdf
Unit Schedule
The following Schedule sets out the Modules and Topics that make up this unit. A
suggested target time schedule is set out in the third column so that you can complete
the course progressively throughout the semester. The Prescribed Readings for each
Topic are indicated in the Course Materials on the Unit CD/DVD.
Modules
1
Topics
Background to Corporate Governance
Introducing Corporate Governance
Evolution of Corporations and Corporate Governance
Emerging Legal Framework for Corporations
Development of Corporate Governance Best Practice
Theoretical Underpinnings of Corporate Governance
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Legal Framework of Corporate Governance
Companies and the Corporations Act
Directors and Management
Shareholders
Trade Practices Act
Environmental Law
Occupational Health and Safety Legislation
Australian Stock Exchange
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Schedule
Monday, Week 3,
26 July
Monday, Week 5,
9 August
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Friday, Week 7,
27 August
Governance Roles
Board of Directors
Executive and Non-Executive Directors
Board Chairperson
Chief Executive Officer and Management
Company Secretary
Shareholders and other Stakeholder
Mid-Semester Break: Monday 30 August – Friday 3 September, 2010
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Improving Board Process
Friday, Week 8,
Board Meetings
Board Committees
Audit Committees
10 September
Key Board Functions
Monday, Week 11,
27 September
Strategy
Value Adding
Monitoring
Legal Compliance and Risk Management
Reporting
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Continuing Improvement
Director Protection
Board Evaluation and Improvement
Director and Executive Remuneration
Director Development
Director Selection and Induction
Monday, Week 13,
11 October
Assessable Discussions and Assignments are to be completed by Midnight Eastern
Standard Time (EST) on the following dates:
Discussions 1 and 2 – Monday Week 5, 9 August 2010
Discussions 3 and 4 – Friday Week 8, 10 September 2010
Discussions 5 and 6 – Wednesday Week 13, 13 October 2010
Assignment 1 - Sunday 5 September 2010
Assignment 2 – Monday 11 October 2010
Capstone Assignment - Monday 1 November, 2010
Dates for Semester 2, 2010
Week
Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Week 7
Commencing
Monday 12 July
Monday 19 July
Monday 26 July
Monday 2 August
Monday 9 August
Monday 16 August
Monday 23 August
Monday 30 August – Friday 3 September
Mid Semester Break
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Week 8
Week 9
Week 10
Week 11
Week 12
Week 13
Monday 6 September
Monday 13 September
Monday 20 September
Monday 27 September
Monday 4 October
Monday 11 October
Saturday 16 – Friday 22 October
Saturday 23 October – Tuesday 9 November
Study Period
Examination Period
Learning expectations and strategies
Expectations
The University is committed to high standards of professional conduct in all activities,
and holds its commitment and responsibilities to its students as being of paramount
importance. Likewise, it holds expectations about the responsibilities students have as
they pursue their studies within the special environment the University offers.
The University‟s Code of Conduct for Teaching and Learning states:
Students are expected to participate actively and positively in the
teaching/learning environment. They must attend classes when and
as required, strive to maintain steady progress within the subject or
unit framework, comply with workload expectations, and submit
required work on time.
Learning Strategies
As mentioned above, there are six (6) Modules for you to study independently in this
unit, each of which has a number of Topics within it. For each Topic there are
narrated PowerPoint slides that introduce the key concepts for that Topic. There are
also Readings for each of the Topics (and in some cases videos) and some questions
for you to „consider‟ and „activities‟ to do in relation to the readings. There are also
questions for Assessable Discussion located at the end of each Module (see later in
this Outline) and there are two “Assignments” that you need to complete (see later in
this Outline). At the end of each Module there are also „Self Review Activities‟ for
you to undertake that will allow you to test your knowledge of the material covered in
the Module. There is a requirement for the completion of Assessable Discussions by
three fixed dates throughout the Semester and you must comply with this requirement
so that you do not lose marks (see under „Assessment‟ )
There are two assignments and at the end of the Unit, there is a Capstone Assignment
to undertake and return to the Unit Coordinator (see later in this Outline).
From the start of Semester it is important to work consistently through the Course
Materials. If there is any area of work that you do not understand, you should contact
the Unit Coordinator immediately, and make sure you do not progress to the next
Topic/Module without a thorough understanding of the previous one. Each part of the
unit develops themes from, and assumes an understanding of, the previous
Modules/Topics, so it is important that areas are not to be skipped. The Unit
Coordinator will reply to email requests for assistance within 48 hours during
business hours (Mon – Fri 9.00am -5.00pm). You are requested to direct emails to the
Unit Coordinator at: [email protected] rather than using the MyLO email
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facility. This will ensure that your emails come to the attention of the Unit
Coordinator more quickly and as a result they can be answered more quickly by him.
Test your knowledge by undertaking the „Self Review Activities‟. Make sure that you
complete assessable discussion by the due dates indicated under „Assessment”. Start
work on each of the two assignments early so that you will have adequate time to
complete them and every opportunity to be awarded a good mark. This is especially
the case with Assignment 2 which requires you to watch two videos on the Unit
CD/DVD and provide a report in relation to your viewing. It will be necessary to
watch the videos several times so that you can take notes in relation to the matters
dealt with.
Encouraging you to study and learn independently is an important goal of university
study. It is a feature of a reflective approach to learning in which you reflect on what
it is you are learning and how you plan your learning strategy. It is not the aim of
flexible delivery that you feel you must work through problems alone. Throughout
the unit as mentioned above, there are “questions” and “activities” for you to consider
and you may choose to discuss these by making postings to the Non-Assessable
Discussion Topics for each of the Modules via the Discussion facility of MyLO.
There are also the questions for Assessable Discussion with other students. The
exchange of information and ideas is a very important part of the learning
development. You will gain most benefit by staying in close contact with other
students and with the Unit Coordinator. There are also the „Self Review Activities‟ for
you to undertake at the end of each Module.
All aspects of your work are expected to be of a high standard, both in academic
content and quality of presentation. It is important to contact the Unit Coordinator
immediately should you experience any difficulties. Do not be reluctant to ask
questions or contribute ideas, even if only partly formed, as these can often form a
basis for very constructive interaction. Remember that the MyLO Discussions
(Assessable and Non-Assessable) will be as interesting and useful as you make them.
The “Double L, Double R, Double D” approach
To get the most from this unit, you should adopt the following approach:
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Locate the Topic on the CD that must be done next.
Listen to the PowerPoint presentation.
Read the readings provided on the CD/DVD (PDF) or referred to on the internet.
Reflect on the concepts and issues that have been encountered using the questions
and activities posed for your consideration and the „Self Review Activities‟ (when
you have completed all topics in a Module).
Discuss the issues raised in Assessable Discussion Questions and feel free to
participate in Non-Assessable Discussion for any or all of the Modules.
Do any other activities that are scheduled/provided for the Topic or Module
including the „Self Review Activities‟.
Formal Written Feedback from the Unit Coordinator - Assessable Discussion 1
As mentioned above, if there is any area of work that you do not understand or need
help with, you MUST contact the Unit Coordinator immediately, and he will assist
you in every possible way. The assistance given may include ‘Informal’ feedback eg:
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you may ask for assistance in relation to a plan that you have prepared for Assignment
1 and the Unit Coordinator will provide feedback on your plan.
However, the Unit Coordinator will ALSO provide „Formal Written Feedback‟ in
relation to the Assessable Discussion for Module 1.
It is intended that by providing Formal Written Feedback on this Assessable
Discussion you will be afforded the opportunity to know how you are performing
against the „Criteria‟ for Assessable Discussions (see later in this Outline) and you
will be encouraged to work consistently through the Course Materials from the start
of the Semester. If you find as a result of Formal Written Feedback that you are not
performing well, you have the opportunity to know HOW you can improve your
performance with a view to receiving the highest possible mark out of 20% for your
Assessable Discussion.
The condition on which Formal Written Feedback for Module 1 will be provided is
that you complete your discussion postings for Module 1 on or before the „Suggested
Date‟ in the Unit Schedule for completion of that Module ie: Monday Week 3, 26
July 2010.
Web Documents
You should also obtain (as and when required) copies of “Documents” that are
located on the Internet (you will be told when to do this in particular Modules). The
Documents are referred to and used in many Topics and Modules throughout the Unit
in conjunction with the Textbook and the Course Materials. On the Unit CD/DVD
you are provided with the Internet address and a button that you can click on to access
the site where the Document is located and it may be viewed. Then you can take a
copy of the Document for your personal use in connection with your study of this
unit. Typically the documents are in PDF format.
The Media
Corporate Governance developments of one type or another are frequently in the
media. To make this unit more interesting and useful you should try to keep abreast of
these developments by reading newspapers and magazines. You should also watch
current affairs and business programs on TV and listen to such programs on the radio.
Student Interaction and Discussion
Throughout the semester, your object should be to gain a broad knowledge and
understanding of the Topics that are covered in the various Modules contained in the
unit. Wherever possible, discuss issues with other students. Make extensive use of
MyLO Discussion, both Assessable and Non-Assessable that the Unit Coordinator has
provided for you to use. You should make sure that you use the „Café‟ for example, so
that we can all get to know each other. Use any or all of the Topics in the Discussion
area – it can be very helpful.
Contact with the Unit Coordinator
If you have a problem that cannot be resolved by communication and interaction with
other students, you should not hesitate to contact the Unit Coordinator at the earliest
opportunity. You should use MyLO Mail or your personal email or, if necessary
telephone the Unit Coordinator or ask him to telephone you back (you can do this in
your email by providing a return telephone number).
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As NO formal face-to-face classes or meetings are scheduled for this unit, you MUST
maintain regular contact with the Unit Coordinator in this way so that you can get the
necessary assistance to undertake the unit. If you are geographically close to the
Hobart Campus of the University, you can make an appointment to see the Unit
Coordinator and get the help you need face-to-face.
Unit Schedule
There is a Unit Schedule provided earlier in the Unit Outline (see earlier) in which
you will find the six (6) Modules covered in this unit together with the separate
Topics covered in each Module. It also contains SUGGESTED target times for the
completion of the six (6) Modules in the unit. This will be helpful for you to complete
the Unit progressively throughout the Semester. The „Readings‟ for each of the
Modules/Topics are indicated in the Unit Resources on the Unit CD/DVD. You
MUST allow yourself SUFFICIENT TIME to work your way through all of the
Modules and the Topics within them, participate in the Assessable Discussion and,
complete the two (2) Assignments. It would be VERY unwise to leave insufficient
time so that you have to complete a large amount of work in a short period (as
mentioned earlier, make an early start on Assignment 2 in particular because of the
need to watch two videos several times to record information for a report). In
particular, you will see under „Assessment‟ that you are not permitted to undertake the
Capstone Assignment in the unit UNLESS and UNTIL you complete ALL of the
requirements for the unit by the prescribed DEADLINES ie: six (6) „Assessable
Discussions‟ and two (2) Assignments.
General
If you are studying this unit you must already have developed skills and strategies that
have helped you to achieve success in previous undergraduate units. However, the
subject matter of this unit will be new to you. In addition to practical problem solving
and application of corporate governance practices, the unit requires an ability for
critical and abstract thinking and good communication skills. The emphasis is on you
USING your knowledge of best practice to address real life corporate governance
issues that you hear about on TV and radio or read about in the media.
You should do well in this unit if you:
 have a strong interest in corporate governance issues;
 keep up-to-date with your coursework, and with daily newspapers, relevant
magazines, journals radio and TV programs;
 consolidate your understanding by making appropriate short notes and
summaries;
 give yourself plenty of time to complete your “Assignments”;
 prepare for and actively participate in Assessable and Non-Assessable Discussion
(this is especially important as a medium for students from many disciplines to
share their particular expertise); and
 take responsibility for your own learning.
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Specific attendance/performance requirements
This unit is offered by flexible delivery. NO formal face-to-face classes or meetings
are scheduled and therefore there are no specific attendance requirements.
In order to pass this unit you must complete and submit each item of assessment listed
below AND achieve a final result of at least 50%.
Assessment
Assessment schedule
Assessment task
Date/Time due
Percent
weighting
Assessable Discussions (6)
Midnight (EST) on:
20%
Mon Wk 5, 9 Aug Discussions 1 & 2 *
(6 x 3.33%)
Fri Wk 8, 10 Sept
Discussions 3 & 4
Wed Wk 13, 13 Oct
Discussions 5 & 6
Midnight (EST)
Sunday 5 September
Assignment 1:
20%
Assignment 2:
Midnight (EST)
Monday 11 October
20%
Capstone Assignment
Midnight (EST)
Monday 1 November
40%
NOTE: midnight is based on Australian Eastern Standard Time (EST)
* If you want formal written feedback for module 1 discussion then you must
complete your discussion by Monday week 3, 26 July 2010.
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Assessment details
Assessment task 1
Task description
There are six (6) Assessable Discussions and you MUST
participate in each one of them. There is one (1) Assessable
Discussion for each of the Modules 1 to 6.
Task length
There is no set length for this task.
Links
to
outcomes
unit’s
learning
Assessment criteria / guidelines
1-4
Provided on the Unit CD/DVD under each Discussion Topic
(1-6)
Midnight (EST) on:
Date dues (3)
Monday Wk 5, 9 August 2010 - Discussions 1 & 2
Friday Wk 8, 10 September 2010 - Discussions - 3 & 4
Wednesday Wk 13, 13 October 2010 - Discussions - 5 & 6
You are required to engage in the Assessable Discussion/s for each Module as
indicated on the Unit CD. You may move the discussion in any broad direction that is
related to the Question(s) and issues raised by the Question/s. The Unit Coordinator
will monitor the Assessable Discussion/s regularly (in most cases on a daily basis in
the mornings), but will not interfere, except to correct misconceptions and errors and
to make postings that are designed to elicit further discussion and interaction where
this is seen to be necessary or useful. It is the Assessable Discussion for you to
explore in whatever directions and dimensions that you wish provided they are at least
tangentially related to the Question(s) and the Module/Topic content. If the Unit
Coordinator can help you to achieve this goal he will make postings designed to assist
you and other students.
You are required to engage in Assessable Discussion at a minimum of three (3)
levels for each of the six (6) Assessable Discussion topics and preferably at more
levels. If you fail to comply with this requirement for one or more Assessable
Discussion Topics a mark will NOT be awarded for the discussion.
The levels are as follows.
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Level 1 Discussion - involves posting answers/comments in response to the
Question(s) that are posed for Discussion in the relevant Topic/Module as
indicated on the Unit CD/DVD.
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Level 2 Discussion - involves responding to the first posting of at least one other
student in response to the Question(s) that are posed for Discussion. You can
agree or disagree with the first posting of that student and you must give your
14
reasons. You can also make other comments that are relevant to what they have
stated in their first posting or, which are relevant to the Topic/Module. For some
Assessable Discussions there may be specific guidelines that you MUST follow
for discussion.

Level 3 and Later Levels of Discussion - involve responding to any postings at
any level.
The more levels of discussion that you engage in, the greater the opportunity you will
have to be awarded a high mark for Assessable Discussion. However, the mark will
not only depend on the number of levels of discussion that you engage in, it will also
depend on the manner and extent to which you comply with the ‘Assessment
Criteria’ for Discussion provided on the Unit CD/DVD under each of the six (6)
Discussions.
A mark out of 100% will be awarded for each of the six (6) discussions in accordance
with the above „Assessment Criteria‟. The marks will be awarded on the basis of ALL of
your discussion postings (3 or more). Postings will not be marked individually. The
marks for the six (6) discussions will be added together and converted to give a mark out
of 20% for Assessable Discussions. Marks for each discussion topic, and the final mark
will be advised via email sent to you on MyLO.
Student discussion is likely to be more constructive and effective if you participate when
others in the Group are also discussing the Question(s) for Assessable Discussion. You
cannot expect to stimulate or direct the discussion of your group if you leave your
contributions until a date close to one of the three (3) due dates for assessable discussion.
Therefore, you should monitor the discussion board of your group regularly to see what
discussion is taking place during the three (3) periods for discussion.
NOTE: For ALL Topics there are questions posed for student „consideration' (and
activities). The questions are NOT the Questions for Assessable Discussion, which
are clearly marked as such on the Unit CD/DVD and are located at the end of each
Module. The questions for „consideration‟ and the „activities‟ are made available so
that you will have the opportunity to explore and apply the knowledge and
information that you have gained from doing the relevant Topic and the questions
may facilitate your participation in „Non-Assessable Discussion‟ for that
Module/Topic (use the „General Discussion‟ Topics for Modules 1-6 in the
„Discussions‟ area mentioned earlier).
NOTE: If you wish to receive „Formal Written Feedback‟ (see earlier) on your
Assessable Discussion for Module 1, you Must complete the requirements for the
Discussion by the suggested date for completion set out in the Unit Schedule - ie:
Monday Week 3, 26 July 2010.
15
Assessment task 2
Written in depth examination and analysis of (a) the collapse of HIH
Insurance and (b) the manner and extent to which compliance with
the ASX Corporate Governance Council Corporate Governance
Principles and Recommendations (2007) may have prevented the
collapse had they been in operation in the years leading up to the
collapse
Task description
2,000 words
Task length
1-4
Links
to
outcomes
unit’s
learning
Provided on the Unit CD/DVD under „Assignment 1‟
Assessment criteria / guidelines
By midnight on Sunday 5 September 2010(EST)
Date due
The mark awarded and feedback on the assignment will be emailed
to you via MyLO.
Assessment task 3
Written in depth examination and analysis of the debate in
2008/2010 concerning corporate governance and executive
remuneration and its implications for corporate law and corporate
governance practices including the provision of advice as a
corporate governance adviser to boards dealing with executive
remuneration issues in the light of the debate and subsequent
developments.
Task description
2,000 words
Task length
1-4
Links
to
outcomes
unit’s
learning
Provided on the Unit CD/DVD under „Assignment 2‟.
Assessment criteria / guidelines
By midnight on Monday 11 October 2010(EST)
Date due
The mark awarded and feedback on the assignment will be emailed
to you via MyLO
16
Assessment task 4
The Capstone Assignment may require examination of
material covered in any or all Modules. It is a substitute for a
final examination in the unit.
Task description
The objectives of the Capstone Assignment are to test you and
afford you an opportunity to demonstrate your:


breadth of knowledge and understanding of corporate
governance;
skills in being able to identify corporate governance issues
in given factual situations;
skills in applying corporate governance principles,
guidelines, recommendations and practice suggestions to
factual situations;
understanding of the appropriate measures for developing
and maintaining high standards of corporate governance
competence in presenting answers and arguments
coherently and concisely; and
capability in other aspects related to the Learning
Outcomes




Task length
Links
to
outcomes
3,000 words
unit’s
learning
1-4
Assessment criteria / guidelines
Demonstration of the knowledge, skills, competencies and
capabilities listed above.
Date due
Midnight on Monday 1 November 2010 (EST)
When you have worked completely through the Unit Resources, participated in the six
(6) Assessable Discussions and submitted the two (2) Assignments by the due dates,
you may send an email request to the Unit Coordinator to email the Capstone
Assignment to you. The Assignment will be emailed to you by 5.00pm on the next
business day following receipt of your email request. Recall that the three (3) FINAL
dates and times for submissions of Assessable Discussions are as set out earlier. If
you comply with these deadlines having submitted your assignments and you forward
an email request to the Unit Co-ordinator on that day, the Capstone Assignment will
be emailed to you by 5.00pm on Thursday 14 October. If you satisfy the Assessment
requirements earlier, you may request the Capstone early and it will be emailed to you
as above. EARLY completion of Assessment is RECOMMENDED as it will give you
more time to complete the Capstone without undue interference with your
examination preparation for other units.
17
How your final result is determined
To be able to pass this unit, you MUST satisfactorily participate in EACH one of the
six (6) Assessable Discussions by the three (3) due dates AND submit EACH of the
two (2) Assignments by the due dates AND submit the Capstone Assignment by the
due date.
If you do not satisfy these Assessment requirements for the Unit you will be awarded
a grade of NN (fail).
The marks for each of the four (4) Assessment Tasks are added together to determine
your final result. You must achieve an overall mark of at least 50% to pass the unit.
You will be advised by the University of your total mark and grade when results for
Semester 2 Units are formally released by the University to all students. You will not
be entitled to receive information in relation to your mark and grade for work
undertaken in connection with the Capstone Assignment until that date.
Submission of assignments
How to submit your Assignments and the Capstone Assignment
Word files (Word 2007 or earlier OR Rich Text Files (.rtf) ) containing the two (2)
Assignments and the Capstone Assignment MUST be emailed to the Unit
Coordinator at the following address: [email protected] Do NOT submit
them via the Mail facility in MyLO.
The file names for the Assignments/Capstone Assignment should be as follows:
Student Surname; Initials; Assignment detail eg: HicksBJAssignment1;
HicksBJCapAssignment
Receipt of files containing the two (2) Assignments and the Capstone Assignment in a
readable form will be acknowledged by return email.
Requirements for Assignments and the Capstone Assignment
The submitted Assignments and Capstone Assignment are to be presented in
accordance with the Guide for Students issued by the Faculty of Business. You
should look under: „Presentation and Submission of Assignments‟. You can find a
copy of the Guide at the Faculty website:
http://www.utas.edu.au/business/faculty/documents/BusinessFacultyGuide2006.pdf
Your attention is particularly drawn to the University‟s rules on Plagiarism (see later
in this Unit Outline). Whilst you are encouraged to work together with other students
and exchange information in this unit, submitted Assignments and the Capstone
Assignment must be your own work. Assignments and the Capstone Assignment
scripts containing any plagiarised information will be referred to the Head of School
and will be subject to the disciplinary processes of the University.
18
The two Assignments will be marked as quickly as possible after submission and
grades will be emailed to you via MyLO. Feedback for Assessable Discussion 1 will
be provided if the requirements for Formal Written Feedback have been satisfied.
Assignments and the Capstone Assignment may be submitted to plagiarism detection
software.
Requests for extensions
Students with special circumstances may apply for an extension. „Special
circumstances‟ include medical or compassionate grounds but will not include work
or other commitments. Requests for extensions should be made in writing to the Unit
Coordinator on or before the due date. Students will need to provide independent
supporting documentation to substantiate their claims.
Medical certificates or other evidence must be attached and must contain sufficient
detail for the Unit Coordinator to make an informed decision. A statement or
certificate from a doctor, counsellor, health professional or independent member of
the community should state:
• the date the medical condition or other circumstance affected the student
• how the condition or circumstance affected the student‟s ability to complete the
assessment task
Penalties
Late Submission of Coursework - Assessable Discussion Postings and
Assignments 1 & 2
You are expected to submit coursework electronically (via MyLO for Assessable
Discussion Postings and via email for Assignments 1 & 2) on or before the due date
and time specified in this Unit Outline. The onus is on you to prove the date and time
of submission.
Coursework submitted more than five (5) days late will NOT be accepted.
Late submission of coursework will incur a penalty of 10% of the available marks for
each day the coursework is late unless an extension had been granted on or before the
relevant due date. („day‟ excludes weekends and public holidays).
In accordance with the Policy of the Faculty, the Unit Coordinator does NOT have the
discretion to waive a late penalty.
Late Submission of Capstone Assignment (NOT Coursework)
The Capstone Assignment takes the place of a final examination (it is not regarded as
„coursework‟) and for this reason late submission will NOT be accepted otherwise
than in accordance with the Faculty Policy for „Requests for Extensions‟ detailed
above. Late submission other than in accordance with the Faculty Policy will result in
19
the Assignment NOT being marked and accordingly, NO marks will be awarded.
Marks for the Assessable Discussion and Assignments 1 and 2 will not be forfeited.
Over-length Work – Assignments 1 & 2 and the Capstone Assignment
If you submit coursework that exceeds the prescribed length you will be invited to resubmit it
within 48 hours. If the resubmission is late there will be an automatic penalty of 10% of the
available marks plus an additional penalty of 10% for each day („day‟ excludes weekends and
public holidays). As the Capstone Assignment is not regarded as Coursework, this policy does
not apply to the Capstone Assignment and therefore you will NOT be given the opportunity to
resubmit it. If the Capstone exceeds the prescribed length the additional words will NOT be
read and marked.
Review of results and appeals
You may request a formal remark of your original submission (in accordance with
Rule of Academic Assessment 2, Clause 22.1). Under the Rule of Academic
Assessment 2, clause 23, you may also request a review of your final result in a unit.
For further information see: http://acserv.admin.utas.edu.au/rules/Rule2.doc
Academic referencing
In your written work you will need to support your ideas by referring to scholarly
literature, and other sources of information such as the accounting regulatory bodies.
It is important that you understand how to correctly refer to the work of others and
maintain academic integrity. Failure to appropriately acknowledge the ideas of others
constitutes academic dishonesty (plagiarism), a matter considered by the University of
Tasmania as a serious offence.
The appropriate referencing style for this unit is the Harvard referencing method.
Further information on presentation of assignments, including referencing styles is
available at: http://utas.libguides.com/referencing
Academic Misconduct
Academic misconduct includes cheating, plagiarism, allowing another student to copy
work for an assignment or an examination and any other conduct by which a student:
(a) seeks to gain for themselves or for any other person, any academic advantage
or advancement to which they or that person are not entitled, or
(b) improperly disadvantages any other student.
Students engaging in any form of academic misconduct may be dealt with under the
Ordinance of Student Discipline, and this can include imposition of penalties that
range from a deduction/cancellation of marks to exclusion from a unit or the
University. Details of penalties that can be imposed are available in the Ordinance of
20
Student Discipline – Part 3 Academic Misconduct, see :
http://www.utas.edu.au/universitycouncil/legislation/
Plagiarism is a form of cheating. It is taking and using someone else's thoughts,
writings or inventions and representing them as your own; for example, using an
author's words without putting them in quotation marks and citing the source, using
an author's ideas without proper acknowledgment and citation, copying another
student's work.
If you have any doubts about how to refer to the work of others in your assignments,
please consult your lecturer or tutor for relevant referencing guidelines, and the
academic integrity resources on the web at: http://www.utas.edu.au/plagiarism/.
The intentional copying of someone else‟s work as one‟s own is a serious offence
punishable by penalties that may range from a fine or deduction/cancellation of marks
and, in the most serious of cases, to exclusion from a unit, a course or the University.
Details of penalties that can be imposed are available in the Ordinance of Student
Discipline – Part 3 Academic Misconduct, see
http://www.utas.edu.au/universitycouncil/legislation/
The University and any persons authorised by the University may submit
your assessable works to a plagiarism checking service, to obtain a report
on possible instances of plagiarism. Assessable works may also be included
in a reference database. It is a condition of this arrangement that the
original author’s permission is required before a work within the database
can be viewed
For further information on this statement and general referencing guidelines, see
http://www.utas.edu.au/plagiarism/ or follow the link under „Policy, Procedures and
Feedback‟ on the Current Students homepage.
Further information and assistance
If you are experiencing difficulties with your studies or assignments, have personal or
life planning issues, disability or illness which may affect your course of study, you
are advised to raise these with your lecturer in the first instance.
There are a range of University-wide support services available to you including
Teaching & Learning, Student Services and International Services. Please refer to the
Current Students homepage at: http://www.utas.edu.au/students/
Should you require assistance in accessing the Library visit their website for more
information at http://www.utas.edu.au/library/
If you have a problem
In the first instance you should discuss the matter with your unit coordinator, lecturer
or tutor. However, if you do not feel comfortable approaching one of these people, or
if you have a discussion and are not satisfied with the outcome, then you are
encouraged to contact the major coordinator:
21
Corporate Governance:
Name:
Room:
Ph:
email:
David Kronenberg
428
(03) 6226 2714
[email protected]
Discussions with the major will be kept in the strictest confidence.
You are always welcome to raise issues with the Head of School, Sue Hrasky, who
you can email for an appointment ([email protected]).
If you are on the Launceston or the Cradle Coast campus and the coordinator is not
located on that campus, you may consult Trevor Wilmshurst (Launceston,
Trevor[email protected])
or
Steve
Allen
(Cradle
Coast,
[email protected] ) with whom you can also have confidential discussions.
If you wish to pursue the matter further, a student advocate may be able to assist you.
Information about the advocates is available at:
http://acserv.admin.utas.edu.au/Complaintsstudentadvocates.html
Students with Disabilities –University & Faculty Equity Plans
Goal 1 of the University of Tasmania Equity Plan provides for: “An inclusive
teaching and learning environment that values diversity, supports the pursuit of
academic excellence and produces high quality education and employment results for
all students and staff”.
http://www.human-resources.utas.edu.au/strategic-hrmanagement/equity-and-diversity/equity-and-diversity-policy-and-planningdocuments/building-an-inclusive-community
The Faculty of Business Equity Plan facilitates the University Plan at an operational
level and has developed an „Action Plan‟. The Action Plan for Goal 1 lays down
procedures to ensure that all students, including those with disabilities, have equal
access to lecture and course materials. The School of Accounting & Corporate
Governance complies with these procedures
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