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Last modified: 05 Aug 2021 13:04

Course Overview

This is a compulsory law course for the LLM/MSc in Corporate Finance. It will explore issues within the field of corporate governance, with reference to different legal systems. It will provide students with a wider and deeper understanding of various corporate governance issues that are crucial to the law of corporate finance.

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
  • Professor John B. Paterson

What courses & programmes must have been taken before this course?

  • Either Master Of Science In Corporate Finance And Law or Master Of Laws In Corporate Finance And Law
  • Any Postgraduate Programme

What other courses must be taken with this course?


What courses cannot be taken with this course?


Are there a limited number of places available?


Course Description

This course will cover a number of topics of particular relevance to corporate governance in the context of corporate finance. The content of the course will include the following:

  • What is corporate governance and why does it matter in the context of corporate finance?
  • The centrality of agency theory in explaining arrangements focused on the role of directors, institutional investors and creditors, as well as concepts such as the market for corporate control.
  • The critique offered by transaction cost economics and the implications for corporate governance.
  • Debt and equity as alternative governance structures.
  • Recent developments associated with the rise of environmental, social and governance reporting.

Details, including assessment, may be subject to change until 31 July 2022 for 1st half-session courses and 23 December 2022 for 2nd half-session courses.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Seminar during University weeks 8, 9, 10, 11, 12, 13, 14, 15, 16, 17
  • 1 Tutorial during University week18

More Information about Week Numbers

Details, including assessment, may be subject to change until 31 July 2022 for 1st half-session courses and 23 December 2022 for 2nd half-session courses.

Summative Assessments

2x 2000 word essays (50% each)

Resit: 48 hours online exam


Alternative Resit Arrangements

48 hour written exam (100%)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
ConceptualUnderstandTo obtain knowledge and understanding of various aspects of corporate governance, especially as it relates to corporate finance, with reference to the UK and beyond.
ProceduralEvaluateTo determine the impact of different corporate governance arrangements on corporate finance.
ProceduralCreateTo develop and enhance key legal and transferable skills, including argumentation, communication, critical analysis and problem solving.

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