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ACCT 390 v1: Corporate Governance and Accountability Report a Broken Link


This course is designed to provide students with a thorough grounding in corporate governance theory, research and practice, including associated reporting and regulation. Students will become familiar with and critique the academic literature in the area, as well as develop their ability to integrate and synthesize topics in order to appreciate current debates and explore potentially fruitful avenues for development. The course looks at for-profit corporate governance, non-profit corporate governance, and corporate social responsibility

Students will explore course concepts through readings, case studies, assignments and an exam. By the end of the course, students should be able to relate knowledge gained from the course to their own organizations and to the coporate world in general.

 

Lesson 1

Required Readings:
Introductory Reading: Haywood-Farmer, J. (1979). Note on Case Analysis, Ivey Management Services, Ivey Case No. 9A81L002, Version (A) 200-11-08.
Reading 1: Reed, P. D., & Howe, V. J. (1999). Defining and classifying the non-profit sector (Nonprofit Sector Knowledge Base Project Research Papers, Issue No. 7, Catalogue No. CS75-0048/7E-IN, pp. 1-8). Ottawa, ON: Government of Canada.

Case Study 1: Use the Enron: The Smartest Guys in the Room DVD.
Supplementary Readings:
Solomon, J. F., Solomon, A., Joseph, N. L., & Norton, S. D. (2000). Institutional investors' views on corporate governance reform: policy recommendations for the 21st century. Corporate Governance: An International Review, 8(3), 215-226.

Lesson 2

Required Readings:
Reading 2: Letza, S., Xiuping, S., & Kirkbride, J. (2004). Shareholding versus stakeholding: a critical review of corporate governance. Corporate Governance: An International Review, 12(3), 242-262.
Case Study 2: Williams, C.C. (2006). Hershey Foods Company: Board of directors and stakeholders conflict over sale. Case Research Journal, 26, 1.
Supplementary Readings:
Shankman, N. A. (1999). Reframing the debate between agency and stakeholder theories of the firm. Journal of Business Ethics, 19(4), 319-334.

Lesson 3

Required Readings:
Reading 3: Ontario Securities Commission. (2004). Multilateral instrument 52-110: Audit committees. Retrieved from the OSC website, Securities Law & Instruments section: http://www.osc.gov.on.ca/en/SecuritiesLaw_rule_20040326_52-110-audit-comm.jsp
Reading 4: Financial Reporting Council. (2014). The UK corporate governance code. Retrieved from https://www.frc.org.uk/Our-Work/Publications/Corporate-Governance/UK-Corporate-Governance-Code-2014.pdf
Reading 5: Morrison & Foerster. (2010). Dodd-Frank Act: A cheat sheet (pp. 2-3; 16-17; 22-23). San Francisco, CA: Author. Retrieved from https://www.iflr.com/pdfsiflr/web-seminars/regulatory-reform/Summary_Dodd-Frank_Act.pdf
Reading 6: Toronto Stock Exchange. (2006). Corporate governance: Guide to good disclosure. Retrieved from the European Corporate Governance Institute: http://www.ecgi.org/codes/documents/tsx_guide_to_good_disclosure.pdf
Case Study 3: Smith, N.C., & Quirk, M. (2004). From grace to disgrace: The rise and fall of Arthur Anderson. Journal of Business Ethics Education, 1(1), 91-130.
Supplementary Readings:
Ontario Securities Commission (OSC). (December 19, 2008). Proposed repeal and replacement of NP 58-201 corporate governance guidelines, NI 58-101 disclosure of corporate governance practices, and NI 52-110 audit committees and companion policy 52-110CP audit committees. Retrieved from OSC website, Securities Law & Instruments section at http://www.osc.gov.on.ca/documents/en/Securities-Category5/rule_20081219_58-201_rfc.pdf
Financial Reporting Council (FRC). (2012). Guidance on audit committees. Retrieved from http://www.frc.org.uk/getattachment/6ec23196-28ee-406e-8f56-89ab9d1dc06d/Guidance-on-Audit-Committees-September-2012.aspx

Lesson 4

Required Readings:
Case Study 4: Tapp, L. G., & Hunter, H. (2003). CCL Industries Inc.: Building and maintaining an effective board (Ivey Publishing Case No. 9B02M045).
Supplementary Readings:
Financial Reporting Council (FRC). (2012). The UK Stewardship Code. Retrieved from http://www.frc.org.uk/getattachment/e2db042e-120b-4e4e-bdc7-d540923533a6/UK-Stewardship-Code-September-2012.aspx

Lesson 5

Required Readings:
Reading 7: Yoshikawa, T., & Rasheed, A. A. (2009). Convergence of corporate governance: Critical review and future directions. Corporate Governance: An International Review, 17(3), 388-404.
Case Study 5: Sharp Paine, L., & Donovan, G.A. (2011). Baosteel Group: Governance with Chinese characteristics. (Harvard Business Case No. 309098-PDF-ENG).
Supplementary Readings:
Organisation for Economic Co-operation and Development. (2015). OECD principles of corporate governance. Paris: OECD. Retrieved from http://www.oecd.org/corporate/principles-corporate-governance.htm

Lesson 6

Required Readings:
Reading 8: Tilba, A., & McNulty, T. (2013). Engaged versus disengaged ownership: The case of pension funds in the UK. Corporate Governance: An International Review, 21(2), 165-182.
Reading 9: Financial Reporting Council (FRC). (2012). The UK stewardship code. Retrieved from FRC website, Corporate Governance and Stewardship section at https://www.frc.org.uk/Our-Work/Publications/Corporate-Governance/UK-Stewardship-Code-September-2012.pdf
Reading 10: Canadian Coalition for Good Governance (CCGG). (2010). Building high performance boards. Retrieved from http://www.ccgg.ca/site/ccgg/assets/pdf/CCGG_Building_High_Performance_Boards_Final_March_2010.pdf
Case Study 6: Hillman, A. J. (2004).Governance from scratch: The Pepsi Bottling Group IPO (Ivey Publishing Case No. 9B04M062).
Supplementary Readings:
Canadian Coalition for Good Governance. (n. d.). Website at http://www.ccgg.ca/

Lesson 7

Required Readings:
Reading 11: COSO. (2013). Internal control – integrated framework: Executive summary. Retrieved from https://www.coso.org/Documents/990025P-Executive-Summary-final-may20.pdf
Reading 12: COSO. (2004). Enterprise risk management – integrated framework: Executive summary. Retrieved from https://www.coso.org/Documents/COSO-ERM-Executive-Summary.pdf

Case Study 7A: Use the Inside Job DVD.
Case Study 7B: Brochet, F. (2010). Société Générale (A): The Jerome Kerviel Affair. (Ivey Case No. 9-11—29)
Supplementary Readings:
Ontario Securities Commission. (2011). National instrument 52-110: Audit committees—Unofficial consolidation of NI52-110 and its CP as of January 1, 2011. Retrieved from http://www.osc.gov.on.ca/en/13550.htm
Financial Reporting Council (FRC). (2014). Guidance on risk management, internal control and related financial and business reporting, Financial Reporting Council. Available at https://www.frc.org.uk/Our-Work/Publications/Corporate-Governance/Guidance-on-Risk-Management,-Internal-Control-and.pdf

Lesson 8

Required Readings:
Reading 13: Government of Ontario. (2009). LHIN guide to good governance: Introduction and section 1—Leading practices in board governance (slides 1-18). Retrieved from the Central Local Health Integration Network (LHIN) website: http://www.centrallhin.on.ca/accountability/integration/~/media/sites/central/uploadedfiles/Public_Community/Board_of_Directors/Private/Ministry_of_Health/LHINCombinedGGG-Sept09.pdf
Case Study 8: Mikalachki, A., & Fryday-Field, K. (1997). Victoria Hospital redesign initiative (Ivey Case No. 9A96C017).
Supplementary Readings:
Broder, P. (2002). Primer for directors of not-for-profit corporations. Ottawa, ON: Industry Canada. Retrieved from Industry Canada website at http://www.ic.gc.ca/eic/site/cilp-pdci.nsf/vwapj/Primer_en.pdf/$FILE/Primer_en.pdf

Lesson 9

Required Readings:
Reading 14: Broadbent, E., & Panel on accountability and governance in the voluntary sector. (1999). Building on strength: Improving governance and accountability in Canada’s voluntary sector [final report]. Retrieved from Imagine Canada John Hodgson Library website at http://sectorsource.ca/resource/file/building-strength-improving-governance-and-accountability-canadas-voluntary-sector
Case Study 9: Conway Dato-on, M., & Weisenbach Keller, E. (2011). Health care center for the homeless: Changing with the times. (Ivey Case No. 9B10AAA032).
Supplementary Readings:
Certified General Accountants of Ontario. (2008). Grassroots governance: Governance and the non-profit sector. Retrieved from http://www.cga-ontario.org/assets/file/publication_grassroots_governance.pdf

Lesson 10

Required Readings:
Reading 15: Cornforth, C. (2001). What makes boards effective? An examination of the relationships between board inputs, structures, processes and effectiveness in non-profit organisations. Corporate Governance: An International Review, 9(3), 217-227.
Reading 16: Bugg, G., & Dallhoff, S. (2006). National study of board governance practices in the non-profit and voluntary sector in Canada. Retrieved from Imagine Canada John Hodgson Library website at http://sectorsource.ca/resource/file/national-study-board-governance-practices-non-profit-and-voluntary-sector-canada
Reading 17: Government of Ontario. (2009). LHIN guide to good governance. Retrieved from the Central Local Health Integration Network (LHIN) website: http://www.centrallhin.on.ca/accountability/integration/~/media/sites/central/uploadedfiles/Public_Community/Board_of_Directors/Private/Ministry_of_Health/LHINCombinedGGG-Sept09.pdf
Case Study 10: Bryant, M. J., & Pepler, E. (2008). Tom Baker Cancer Centre (Ivey Case No. 9B07M078).
Supplementary Readings:
United Nations (UN). (2003). Handbook on non-profit institutions in the system of national accounts. New York: United Nations. Available at https://unstats.un.org/unsd/publication/SeriesF/SeriesF_91E.pdf

Lesson 11

Required Readings:
Reading 18: Global Reporting Initiative (n. d.). Sustainability reporting guidelines G4 (Part 1): Reporting principles and standard disclosures. Retrieved from https://www.globalreporting.org/standards/media/1036/gri-101-foundation-2016.pdf
Case Study 11: McMaster, J., & Nowak, J. (2009).  FIJI Water and corporate social responsibility—Green makeover or greenwashing? (Ivey Case No. 9B09A008).
Supplementary Readings:
International Auditing and Assurance Standards Board (IAASB). (2013). International standard on assurance engagements: ISAE 3000 (Revised), Assurance engagements other than audits or reviews of historical financial information/International frameworks for assurance engagements and related conforming amendments. Retrieved from https://www.ifac.org/publications-resources/international-standard-assurance-engagements-isae-3000-revised-assurance-enga

Note: Free registration with IFAC required to access reading
Chartered Professional Accountants of Canada. (2013). A starter’s guide to sustainability reporting. Toronto, ON: Author. Retrieved from https://www.cpacanada.ca/en/business-and-accounting-resources/financial-and-non-financial-reporting/sustainability-environmental-and-social-reporting/publications/a-starters-guide-to-sustainability-reporting

Lesson 12

Required Readings:
Reading 19: KPMG (2013). KPMG international survey of corporate responsibility reporting 2013. Retrieved from https://assets.kpmg/content/dam/kpmg/pdf/2013/12/corporate-responsibility-reporting-survey-2013.pdf
Case Study 12A: Sider, M., Seijts, J., & Chandrasekhar, R. (2008). RBC—Financing oil sands (A). (Ivey Publishing Case No. 9B10M015).
Case Study 12B: Sider, M., Seijts, J., & Chandrasekhar, R. (2008). RBC—Financing oil sands (B). (Ivey Publishing Case No. 9B10M016).
Supplementary Readings:
Toronto Stock Exchange & Chartered Professional Accountants of Canada. (2014). A primer for environmental & social disclosure. Toronto, ON: Chartered Professional Accountants of Canada. Retrieved from https://www.cpacanada.ca/en/business-and-accounting-resources/financial-and-non-financial-reporting/sustainability-environmental-and-social-reporting/publications/a-primer-for-environmental-social-disclosure
International Integrated Reporting Council (IIRC). (2013). Realizing the benefits: The impact of integrated reporting. Retrieved from http://integratedreporting.org/resource/realizing-the-benefits-the-impact-of-integrated-reporting/

Lesson 13

Supplementary Readings:
Wyatt, M. (n.d.). Access, accountability and advocacy: The future of nonprofit governance is now. Retrieved from the Resource Alliance website at http://www.resource-alliance.org/resources.php/2811/access-accountability-and-advocacy
Ontario Securities Commission. (2014, January 16). Proposed OSC amendments to Form 58 corporate governance disclosure of NI 58-101 disclosure of corporate governance practices - Proposed disclosure requirements regarding the representation of women on boards and in senior management. Retrieved from http://www.osc.gov.on.ca/en/14198.htm
Financial Reporting Council. (2014) Feedback statement - Revisions to the UK Corporate Governance Code. Retrieved from https://www.frc.org.uk/Our-Work/Codes-Standards/Corporate-governance/UK-Corporate-Governance-Code/Consultattions-and-Revisions-to-the-UK-Corporate-G.aspx

Note: See 2014 changes to the Code section to access link
U.S. Securities and Exchange Commission, Office of the Whistleblower. (2013). 2013 Annual report to Congress on the Dodd-Frank Whistleblower Program. Retrieved from http://www.sec.gov/about/offices/owb/owb-resources.shtml#reports
KPMG Advisory N.V., Global Reporting Initiative, & Unit for Corporate Governance in Africa. (2013). Carrots and sticks: Sustainability reporting policies worldwide – today’s best practice, tomorrow’s trends (2013 edition). Retrieved from the Global Reporting Initiative Resource Library website: https://www.globalreporting.org/resourcelibrary/carrots-and-sticks.pdf