Institute of Commercial Management | Qualification Subject

Corporate Governance

ICM Professional Diploma Unit

Corporate Governance aims to equip learners with the understanding of corporate governance and the role of corporate governance in a globalised market.  

Main Topics of Study:

Principles 

  • Corporate governance: A frontier subject
  • Governance and management
  • Theories, philosophies, and concepts of corporate governance
  • The governance partnership: Investors, companies, and directors
  • The regulatory framework
  • Models of corporate governance

Policies 

  • Functions of the board
  • The governance of corporate risk
  • The board and business ethics
  • The governance of listed companies
  • The governance of non-listed corporate entities
  • Corporate governance around the world

Practices

  • Board membership: Directors' appointment, roles, and remuneration
  • Board leadership: The reality of the boardroom
  • Board activities: Corporate governance in practice
  • Board effectiveness: Building better boards
  • Board evaluation: Reviewing directors and boards
  • Corporate governance: The next thirty years

The effect of corporate governance on the organisation and stakeholders

  • The role of stakeholders in corporate governance
  • Corporate governance and creating value for stakeholders
  • Stakeholders and stakeholder activism
  • The impact of corporate governance on organisational performance

Example Candidate Response Booklet

Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).

Recommended Reading

Main Text:

Tricker, B. (2019) Corporate Governance: Principles, Policies and Practices. 4th edition Oxford University Press

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Cannon, T. (2012). Corporate Responsibility: Governance, Compliance and Ethics in a Sustainable Environment. 2nd ed. Harlow: Pearson Education

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McLaney E. (2011). Business Finance: Theory and Practice. 9th ed. Harlow: Prentice Hall

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Menipaz, E., Menipaz, A., (2011) International Business: Theory and Practice. SAGE Publications

Indicative Text:

Alternative Text and Further Reading: