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CPA Australia Ethics & Governance Module 3 Part I

Learning Objectives and Corporate Governance Frameworks

1:58.1

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The learning objectives for this module outline the main areas that will be covered in understanding governance concepts. The first objective is to describe corporate governance and explain why it is important. This involves understanding governance as the system by which organizations are directed, controlled, and held accountable. The second objective focuses on evaluating the key elements of the corporate governance framework, including the roles of shareholders, directors, managers, auditors, regulators, and other stakeholders. The module then examines the nature of corporations and the division of corporate powers, showing how ownership and control are separated between shareholders, boards, and executives. Agency theory is another key objective as it helps explain potential conflicts between principles, such as shareholders and agents, such as directors or managers. The module also considers corporate structure, including the features that shape how companies operate and how responsibilities are allocated. Another important objective is to examine the characteristics and duties of directors and officers, including their legal and ethical responsibilities, such as acting in good faith, avoiding conflicts of interest, exercising care and diligence, and preventing insolvent trading. The module also introduces international approaches to corporate governance, recognizing that governance systems differ across countries depending on legal, cultural, and economic factors. Finally, the module explores governance codes, principles, and their application in different sectors, including public and not-for-profit entities. Overall, these learning objectives provide a clear roadmap for understanding how governance supports accountability, ethical conduct, effective decision-making, and long-term organizational performance.

CPA Australia Ethics & Governance Module 3 Part I

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