Corporate governance and regulation describes the systems and rules that shape an organization’s behavior; that make it attuned to the social, economic and physical environment in which it operates.
The course Corporate Governance begins by introducing the two main aspects of this subject: internal and external forms of governance. You will learn how internal governance addresses how the owners of a firm ensure that the firm is acting reasonably, ethically, and within the bounds of the law. This is a subject that deals with the relationships between managers, employees and the owners of a firm. The second aspect is external governance, that is the system of laws, regulations and market forces that ensure the organization is fair, accountable and transparent to the organization’s stakeholders and to the government and to society as a whole. External governance also examines how market forces influence an organization.
The course describes how organizations tend to become similar in their structures and functions as a result of the influence of market forces. You will learn about normative isomorphism and how it involves changes driven by professional practice, e.g. lawyers and accountants. Coercive isomorphism is a response to consumer expectations of service and product quality. Mimetic isomorphism is a desire to look as good as one’s competitors.
You will also learn about watchdog organizations which are usually driven by non-profit groups or government agencies whose purpose is to alert the public about the misdeeds of organizations, in terms of protecting the public interest.
This course will be of great interest to all learners who would like to learn more about the systems, principles and processes by which organisations are directed and controlled.
Having completed this course you will be able to:
- Define internal governance and describe its purpose and significance.
- Show how governance is established in an organization.
- Explain the use and role of policies and procedures.
- Explain how organizational culture is established and how it influences behavior.
- Explain the role of the owners (or its Board representatives) and Management in governance.
- Define external governance and be familiar with the roles of stakeholders in governance of the firm.
- Describe how and why governments regulate business.
- Discuss how stakeholder groups act to shape the behavior of the firm.
- Identify the other significant influences on organizational behavior.
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:
Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
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An incentive for you to continue empowering yourself through lifelong learning
Alison offers 3 types of Certification for completed Certificate courses:
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