UCL FACULTY OF LAWS

LLM Programme

The taught modules offered on the LLM programme vary from year to year. Please check the full list of taught modules list for details of modules running in specific academic years. We make every effort to ensure that every module will be offered, but modules are subject to change and cancellation. You are therefore advised to check this site regularly for further updates throughout the year preceding entry to the LLM programme.


COMPARATIVE CORPORATE GOVERNANCE (LAWSG120)
Credit value: 30 credits (12 ECTS)
Module Convenor:
Dr Arad Reisberg
Other Teachers:
Vanessa Knapp
Dr Georgina Tsagas
Content

Summary:

This module will examine corporate governance from an English and EU perspective. It will provide students with a fundamental understanding of the legal rules and market pressures that determine the balance of decision-making power within (mainly) UK public companies. On this basis, it examines and compares the paradigms of corporate governance, the uniqueness of corporate law making in the UK, the EU influence on corporate governance, shareholders' rights of intervention in corporate decision-making, institutional investors and shareholder activism, constraints on executive remuneration and the different approaches to the design and control of executive remuneration, corporate and social reporting, how to create balance on a board and the topical issue of diversity on the board. There will also be special seminars exploring post-crisis corporate governance reforms in the UK (i.e. UK Equity Markets and Short Term v. Long-Term Decision Making).

Syllabus:

  • Introduction to corporate governance
  • Paradigms of corporate governance
  • The uniqueness of corporate law making in the UK
  • The EU influence on corporate governance
  • Shareholders’ rights of intervention in corporate decision-making
  • Institutional investors and shareholder activism
  • Independent directors and the monitoring board
  • Corporate and social reporting
  • A Long-Term Focus for Corporate Britain: UK Equity Markets and Short Term v. Long-Term Decision Making
  • Design and control of executive remuneration
  • How to create balance on a board
  • Diversity on the board

Background Reading (optional):

There are no compulsory texts for this unit. However, it would be advisable to purchase the following text as a key study aid:

  • B. Pettet, J. Lowry & A. Reisberg, Pettet’s Company Law, 4th ed. (2012, Longman)

You are strongly advised to purchase a company law statute book for this unit, even if you are not otherwise taking any other corporate law LLM module. The most appropriate statute book for this course is: M. Moore, Company Law Statutes 2013 – 2014 (Routledge), which contains reference not only to the main pieces of UK companies legislation but also to other important sources of corporate governance regulation.

You may also find it helpful (although not essential) to purchase the following book as a supplementary study aid:

  • B. Tricker, Corporate Governance: Principles, Policies, and Practices (2nd edition 2012, OUP)

You may additionally find the following books useful in helping to shape your understanding of the subject, although they are now slightly outdated in places and therefore probably not worth purchasing:

  • J.E. Parkinson, Corporate Power and Responsibility (1993, OUP)
  • B. Cheffins, Company Law: Theory, Structure and Operation (1997, OUP)

Module reading lists and other module materials will be provided via online module pages, once students have made their module selections upon enrolment in September.

Delivery and enrolment
Lectures/Seminars: 20 x 2-hour seminars
Tutorials: Yes
Previous module enrolments: Large – 51-100 students
Who may enrol: LLM students
Prerequisities: None, although it is advisable that students have prior knowledge of basic company law in the UK or in another jurisdiction.
Barred module combinations: None
Core Module for LLM specialism: Corporate Law, Comparative Law
Assessment
Final Assessment: 6,000 word coursework essay
Practice Assessment: Students have the option of submitting up to 2 pieces of formative coursework each throughout the academic year, based on past examination questions.

This page was last updated on 8 July, 2014

APPLICATION NOTICES

The application process for the 2015-16 academic session is now open.

Please note, for the 2015-16 intake, we are not accepting the TOEFL test. If you have an English condition to meet, you must take one of the alternative tests listed here instead.