Corporate Governance MBA

6 October 2011 - 11:52am
David53

Corporate Governance has become more and more important in the field of PLCs and SMEs and I was wondering what people thought.
and I I have noticed that Edinburgh University is now offering an MBA in Corporate Goverrnance with the following elements being covered:
Corporate governance issues, concepts and domain.
External governance – law and regulation.
Codes of ‘best practice’ and norms of behaviour.
Boards of directors: the lynchpin.
Internal controls and accountability.
Risk management.
Financial market supervision and control.
Governance and financial market economics.
External reporting need vs. delivery.
Definition inconsistency and system improvement.
Reality in the face of prescription.

This as far as I can see is the only specialist degree fully focused in this topic and I am most impressed by the areas covered. I think we would all agree that this an area that can no longer be ignored and indeed is undervalued, particularly if one looks at recent issues in the media industry.
This list of areas covered seems to suggest that there is room for accountants, finance directors and company secretaries to benefit from this type of degree. It is clear that the need for a broad overview is of importance, but against that there would also appear to be a need for the responsibilities of corporate governance to
be spread amongst many.
Has anybody any experience of this degree?

Latest comments

  • 11 October 2011 - 2:06pm
    • David53

    Stella

    As you know I started this thread and the responses have confirmed my thoughts - Corporate Governance is growing in status and if you can get on this treadmill then you will have a well positioned career. The last post from Stella raises a very important point in that as this is a new requirement in Company Law and Procedures the level of opposition from those who can state experience in this field are severely limited.
    The new degree courses indicate the importance of this area and that universities are prepared to invest money and resources in teaching this.
    There is a parallel in that when SOX was introduced a whole new breed of accountants was established who today have a strong position in the internal oversight of a company.
    Clearly with the need to constantly review the regulations which govern companies the need for accountants and even lawyers who are able to be adaptable and who can see the bigger picture will grow, and that description in my view applies to those who will study Corporate Governance.


  • 10 October 2011 - 5:37pm
    • StellaM

    Hi Nia and David
    I’ve also had the thought about corporate governance and it was something that I raised with my mentor at a recent work experience placement. One thing that they pointed out to me was that these specialist courses are relatively new and therefore tend to have only been studies by younger members of the profession. This means that where more junior members are struggling to compete against someone with several years experience, having this specialist niche might be a way of competing. This is particularly likely to be the case where the area of specialist study is a relatively new and then the younger members of the profession have a real chance to add value to a team.
    Just a thought, particularly given how hard it is to break into the industry these days.
    Stella


  • 8 October 2011 - 4:11pm
    • David53

    Hi Nia

    I think there is a growing interest in Corporate Governance and I am pleased to see that you share that.
    From the latter part of your comment I see that you are concerned as to the issues of focusing an MBA in one direction and this I have some sympathy with as it may well pigeon hole you, but conversely my view is that there are some areas where this focus is an absolute essential. Some areas of professional life demand specific knowledge that a generalist cannot have. A divorce lawyer is little use as a conveyancer, a management accountant is little use as a tax accountant.
    I have posted elsewhere that we now live in a business world where there are definitive career splits and Corporate Governance is one of them. As business becomes even more legalistic then I fear more specialisations will develop, so specific MBA's are here to stay in my opinion.


  • 6 October 2011 - 9:13pm
    • NiaG

    Well found! I must say I haven't actually studied at this course or even considered it as a course but I am interested in corporate governance. So much so that when I was studying my own MBA I focused on the units that were related to corporate governance device also created my own specialist degree and I guess this is becoming an increasing option particularly in the larger business schools where there are literally dozens of units to choose from.
    I found that by focussing more on one specific area I ended up coming out of the degree process much more confident and feeling like a bit more of a specialist than perhaps others. Of course this may prove to be my downfall ultimately as my CV is not quite as pliable as a more generic choice of units but at least it kept me interested for the duration.
    I wonder if actually choosing an MBA with a specialist title is really a good idea s you are kind of stuck with that area then and you can’t really change direction if you have a change of heart half way through.
    N