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MSc Governance

1 year 2 years Lincoln Business School Lincoln Campus [L] Subject to Validation

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Introduction

As Corporate Governance is now an integral part of everyday business life, the MSc Governance programme at Lincoln is designed to be relevant and attractive to a wide variety of candidates and job roles across different sectors.

The programme is structured with a focus on practical application in the business environment and aims to provide students with a strong subject knowledge and the latest thinking in the world of Governance, Sustainability Reporting, Business Ethics, Organisational and Board Effectiveness, Finance, Law, and Strategic Thinking. MSc Governance students at Lincoln have the chance to study for an academic degree alongside a highly marketable governance qualification.

Staff teaching on the programme are normally either professionally qualified accountants, governance practitioners, or research specialists, who aim to encourage students to develop a strong business acumen, critical thinking, management, and transferable skills, by exploring concepts and theories in the context of practical examples and leading-edge academic research.

In addition, students can benefit from external visiting speakers who are experts in their areas from the financial and business world. Speakers will be invited whenever possible to address different topics and share experiences.

Students on the MSc Governance programme will have the opportunity to put their skills into practice by taking on a consultancy project as an alternative to the traditional research methods and dissertation.

Accreditations

The programme is designed in conjunction with the ICSA, the Governance Institute, to meet the professional and employers’ needs, and to reflect on the challenging complex natures of the modern business environment. The ICSA is a chartered membership, qualifying body and is a world-leading authority on governance, risk and compliance. The ICSA supports their members in organisations of all sizes across all sectors of the economy, including large corporates, SMEs, the public sector and charities.

The University of Lincoln is working with ICSA: the Governance Institute to fully accredit the programme. Once ICSA accreditation is in place, students successfully completing the Master's programme can be jointly awarded with Graduate ICSA status. Students with the GradICSA award, who are interested in applying for Chartered ICSA membership, should demonstrate three years of relevant professional experience.

How You Study

With corporations facing increased risks and greater potential impact of their activities on society, issues of sustainability are more critical than ever. This programme aims to develop a sound understanding of the processes and the oversight which drives the highest standards of leadership, accountability, sustainability and ethical behaviour in business. Sustainability is no longer only about risk and compliance, but also about innovation, opportunity, and how to achieve excellence in both sustainability and financial performance.

The Business Ethics practical application element on the programme is designed with support of the Institute of Business Ethics and aims to equip students as future business leaders, managers or governance professionals who understand and appreciate the importance of going beyond numbers and supporting good ethical business practices to help companies to sustain long-term success.

The MSc Governance programme provides students with the opportunity to increases their awareness of the governance of information, technology, and the impact of cyber security, themes which are increasingly important in the business world. This includes data security, ERP systems, potential IT and reputational risk management, legal aspects of information technology such as intellectual property rights, internet law and privacy of information.

The taught element of the programme consists of seven compulsory modules and one optional module. The modules studied are as follows:

Term 1:

  • Governance
  • Organisational and Board Effectiveness
  • Corporate and Business Law
  • Financial Reporting and Analysis


Term 2:

  • Sustainability Reporting and Business Ethics
  • Strategic Thinking
  • Financial and Management Decisions


Optional modules:

  • Developing Skills for Business Leadership
  • Leadership and Management Development
  • Investment Banking
  • International Entrepreneurship
  • Comparative Human Resource Management
  • Global Supply Strategies
  • Cyber Security in Society
  • Internal Audit (subject to validation)


Optional modules will run as far as at least 10 students select them. Timetabling arrangements may limit the availability of modules to some students. As the options reflect staff research interests, they may alter over time due to staff availability.

In addition, students are expected to undertake the following compulsory elements:

  • Research Methods (15 credits)
  • Independent Study (45 credits) or Consultancy project* (60 credits)


*Subject to discussion with the programme leader. This option may be available to employed students who have access to an organisation to apply their academic knowledge and industry experience to a ‘real life’ business organisation covering any governance-related aspects. Students may be asked to provide proof from their organisation confirming its support for undertaking a project based on the organisation’s data.

Contact Hours and Independent Study

Weekly contact hours on this programme may vary depending on the individual module options chosen and the stage of study. Postgraduate level study involves a significant proportion of independent study, exploring the material covered in lectures and seminars. As a general guide, for every hour in class students are expected to spend at least two - three hours in independent study.

Please note irrespective of whether you are a full-time or part-time student your hours of study may vary from term to term and can be spread throughout the week.

Although a proportion of the contact time will be spent in teaching, emphasis will also be placed upon the use of the student group as a resource for learning. The modules utilise methods of teaching and learning which are appropriate to Master's level study and effective collaborative learning such as debates, presentations, and report writing. There will also be group discussion of practical situations and problems, making an extensive use of real world case studies in national and international contexts, and where relevant, the participants' own experiences.

In addition to traditional teaching and classroom activities, external visiting speakers, who are often experts in their areas, from the financial and business world, will be invited to address different topics on some modules and share their experiences with students.

How You Are Assessed

The way students will be assessed on this course will vary for each module. Formative assessments will be conducted whenever possible, aiming to prepare students for the assessment process and to provide developmental feedback to support their learning.

Formative assessments will not contribute towards students' grade, but give students a chance to receive feedback on a continuous basis. Formative assessments may include in-class exercises, peer feedback, mock examinations, presentations, debates.

Summative assessments may include assignments, case-study reports, examinations, presentations, and reflections. As a Master's student, you will be expected to actively synthesise information from appropriate theory and personal reflection. The assessments are designed to help equip students with the knowledge, skills and confidence to meet the demands of working in contemporary organisations.

Assessment Feedback

The University of Lincoln's policy on assessment feedback aims to ensure that academics will return in-course assessments to students promptly – usually within 15 working days after the submission date.

Entry Requirements

Applicants from all backgrounds are welcome to apply to be considered for the programme. The programme is open to those students with both relevant and non-relevant undergraduate degrees. All applicants must be approved on an individual basis by the programme leader (if necessary followed by an interview).

Previous work experience is not required, but students are required to have a minimum 2:2 honours degree or equivalent, and at least grade C in GCSE Mathematics, or its equivalent.

In addition to the Standard route, the programme allows entry through a Degree, Accelerated or Fast Track route providing students the opportunity to be considered for certain exemptions. The entitlement to exemptions will be assessed on an individual basis and students should make it clear in the application if they wish to apply for exemptions.

The details are as follows:

  • Standard route requires completion of all modules.
  • Degree route allows to apply for possible exemptions based on a completed degree in finance, accounting or law.
  • Accelerated route allows qualified accountants or lawyers with up to five years’ professional experience to apply for possible exemptions.
  • Fast track route allows qualified accountants or lawyers with more than five years’ professional experience to apply for possible exemptions.
  • Fast track route allows already qualified Chartered Secretaries of the ICSA worldwide to enter the learning programme with only taking either the research methods and a dissertation option or a consultancy project.
  • Fast track route allows company secretaries and other governance professionals to apply for possible exemptions from some of the modules.

International Students will require English Language at IELTS band 6.0 with no less than 6.0 in each element, or equivalent http://www.lincoln.ac.uk/englishrequirements.

The University of Lincoln offers international students (non EU/UK) who do not meet the direct entry requirements for a postgraduate degree course the option of completing a pre-master's programme at the University’s International Study Centre.

Key Contacts

Academic:
Nadia Gulko
ngulko@lincoln.ac.uk
+44(0)1522 83 5688

Enquiries:
pgenquiries@lincoln.ac.uk
+44 (0)1522 886644

Master's Level

Comparative Human Resource Management (Option)

This module is designed to introduce students to the principal issues underlying international and comparative human resource management (IHRM) in a global context. Such issues have risen in prominence due to increasing trade liberalisation, ‘globalisation’, spread of multinational corporations (MNCs), outsourcing to Asia, developmental focus on Africa and economic integration within the European Union.

As firms increasingly internationalise, suitable strategies for managing human resources have become critical to competition between the MNCs. Students can develop an insight into managing human resources in different national contexts and examine those global and national factors that impact approaches taken to international human resource management. More specifically, the module aims to discuss and analyse those factors which result in variations in HRM practices and policies across national business systems.

Consultancy Project (Option)

This module is designed to give students practical experience in working with a client to fully research and develop a solution to a specified client related problem in an business context. Students will be expected to design and implement a business consultancy project within the constraints of a live company, and in so doing apply the theoretical and conceptual knowledge they have built during the programme.

Corporate and Business Law (Core)

The module examines the structure of the law governing business organisations with an emphasis on the public and private registered company. The module will examine national legislation such as The Companies Act 2006 and the effect of international law, treaties and regulation on the governance of a company. Over the course of the module we will be looking at the application of national and international law and the role of the regulatory agencies in providing a practical framework in which corporate governance can be effective.

Focus will be on the financial sector and the pharmaceutical industry in particular for practical examples of governance in action. The module aims to equip students with a thorough overview of how corporate law assists in providing a functional framework to facilitate trade in the domestic and international markets.

Developing Skills for Business Leadership (Option)

This module is designed to encourage students to develop a strong sense of self-awareness and of their own strengths and weaknesses as managers and colleagues. The module is primarily concerned with the development of skills, and specifically seeks to develop and improve a range of definable skills that are pivotal to successful management practice and to effective leadership.

Financial and Management Decisions (Core)

The module recognises the different types of decisions that managers are required to make, and considers how financial and management accounting information can be used in support of these decisions.

The module aims to develop the skills needed to understand, apply and critically appraise the various tools and techniques that may be used to support managers in planning, control and decision-making in order to determine their relevance in different organisational contexts. The module also evaluates the impact of financial and management decisions on different stakeholders and ensures that decisions are properly made and implemented to maximise value for key stakeholders of the organisation.

Financial Reporting and Analysis (Core)

The module examines the preparation, presentation and critical analysis of financial statements and reports for single and group companies in compliance with legal and regulatory requirements including the relevant International Accounting Standards. The module considers both financial and non-financial matters that affect a business on a day to day basis and encourages the students to develop proactive ideas to solve these issues.

The module will equip the students with the knowledge and skills necessary to understand corporate financial performance and the significance and relevance of accounting information, including the implications for the organisation, stakeholders and for effective corporate governance.

Global Supply Strategies (Option)

This module will examine global supply chain strategies in detail by looking at both those strategies that have been successful as well as those that have been less successful. Students can examine contemporary phenomena such as offshoring, supply chain disruptions, innovation and sustainability using a variety of theoretical frameworks. Students can develop not only a better understanding of the challenges of managing global supply chains but also of some of the tools needed to implement effective and responsible global supply chain strategies. Given the strategic importance of global supply chains, an understanding of how to manage them strategically may be invaluable for students entering the job market.

Governance (Core)

The module examines corporate governance concepts and principles in both national and international contexts, develops key skills necessary to support the development of good governance, risk management, control, internal audit, and stakeholder dialogue throughout the organisation. The module provides an overview of the role of boards and directors in corporate governance and also develops an understanding of an essential role that corporate social responsibility plays in corporate governance worldwide.

The module evaluates governance challenges across the corporate, not-for-profit and public sectors, and aims to equip students with the skills to provide professional opinion on matters of corporate governance.

International Entrepreneurship (Option)

Entrepreneurship is an essential skillset in the development at global level of new and existing businesses, social enterprises and more broadly societies and their economies. Enterprise is defined as the application of creative ideas and innovations to practical situations, combining creativity, ideas development and problem solving with expression, communication and practical action. Entrepreneurship is the application of enterprise skills to creating and growing organisations in an international context in order to identify and build on opportunities. This module draws on the latest UK QAA Guidance on Enterprise & Entrepreneurship in Higher Education and aims to develop, at an international level, enterprise awareness, an entrepreneurial mindset, and entrepreneurial capability, which can lead to entrepreneurial effectiveness which can be applied in a range of contexts.

Investment Banking (Option)

The module focuses on the role of investment bankers who have to deal with typical transactions in the capital markets from debt and equity capital market products to mergers and acquisitions and more structured products such as leverage buyouts.

The module also analyses typical products, the process of investment banking and how typical investment banking transactions are implemented.

Leadership and Management Development (Option)

Main themes of this module include:

  • Concepts of leadership and management and their application in context.
  • Leadership and management development needs in differing organisational contexts.
  • Approaches to the formulation and implementation of leadership and management development strategies to meet current and future organisational needs.
  • The role of leadership and management development in enhancing and developing the organisation.
  • Approaches to the development of leadership and management in international and global contexts.

Organisational and Board Effectiveness (Core)

This module examines the promotion and reinforcement of good corporate governance across an organisation irrespective of sector by ensuring organisational effectiveness and compliance with statutory obligations and good practice.

The module aims to specify and assess the essential knowledge and skills involved in taking overall responsibility for the corporate governance function. The practical side of the module extends to both the strategic and functional contexts in advising the board, in leading teams in best practice, in ensuring compliance with law and regulation, and in establishing and maintaining appropriate processes in respect of the company’s shareholders.

Strategic Thinking (Core)

This module examines the elements, processes and approaches involved in the formulation and implementation of organisation’s core strategies. The lack of strategic thinking has been repeatedly identified as a major weakness in organisations, where business leaders often rely on past experience and best practice, ignoring creativity and imagination as well as the wealth of structured analytical methods.

The module aims to evaluate and combine the use of traditional prescriptive strategic planning tools as a critical value-adding element with a hypothesis-driven, strategic thinking paradigm. The module explores how individuals and organisations anticipate and shape the future to create a competitive advantage and how to fundamentally design future-oriented and “future-proof”, resilient organisations.

The module is designed to apply strategic thinking to governance, sustainability, finance, law and other areas. It aims to equip the student with the creative, critical and systems thinking skills needed for a governance professional to think and act strategically, to formulate an integrated perspective, and to ensure that strategy fits organisational purpose, is acceptable in terms of risk and consistent with good governance as well as with stakeholder requirements.

Sustainability Reporting and Business Ethics (Core)

Sustainability practices are wide ranging and include various managerial decisions, monitoring environmental damage, and external financial reporting. In light of climate change and recent environmental disasters, sustainability practices are a growing concern to investors, creditors and regulators, all of whom demand greater transparency and accountability. The first part of the module examines the most popular sustainability reporting formats and explores the reasons why companies prepare and voluntarily issue sustainability reports. The module provides an in-depth overview of current issues and best practices in sustainability reporting from both managerial and financial perspectives and develops an understanding of an essential role that sustainability practices and transparency play in corporate governance worldwide.

The second part of the module, which is designed with support of the Institute of Business Ethics, focuses on business ethical issues and ethical decision-making. The module aims to develop students, as future business leaders, managers or governance professionals, who understand and appreciate the importance of going beyond numbers and supporting good ethical business practices to help companies to sustain long-term success. The module considers the responsibilities of organisations to different stakeholder groups and develops an understanding of fundamental ethical principles and ethical dilemmas in organisations.

Level 4

Cyber Security in Society (M) (Option)

This module provides an understanding of the challenges in cyber security faced by society and industry. This includes an examination of the impact of threats and develops an understanding of mechanisms to reduce the risk of attack. The module examines a range of cyber threats and attack types and introduces strategies to mitigate these. It also prompts students to consider the legal, social and ethical implications of cyber security. As a Masters level module students are also encouraged to consider current research in the field of cyber security.

Independent Study for Banking Finance and Economics (Option)

This module provides students with an opportunity to carry out a substantive research project and to demonstrate their ability to investigate and reflect critically on an aspect of the programme. Students are expected to, with the guidance from their supervisor, generate their own research topic, select a research method, obtain data and apply theory as appropriate.

By aiming to combine well-developed theoretical and methodological foundations, the Independent Study project is designed to have both a practical value as a piece of research and also be of academic value.

Research Methods for Banking, Finance and Economics (Option)

This research methods module aims to prepare students for undertaking the research for their Independent Study. It reviews core principles of the research methods that students are likely to utilise in their research. The chosen method should form the basis of their research design, and the structure of the of Independent Study submission.

Career and Personal Development

The MSc Governance programme aims to provide the knowledge, professional, management and transferable skills that can enable students to enter employment in a wide variety of job roles in governance, leadership, management, finance, accountancy, strategy, law, or administration across different sectors including the corporate, not-for-profit and public sectors.

The programme can also help to develop the skills needed to set up your own business or to work in practice, offering business and legal services to a range of clients.

The programme is designed to help students develop a set of skills and subject knowledge to compete effectively in the domestic and international labour markets and to support best governance practices within organisations.

Other Costs

Please note that students will be responsible for paying any professional membership or other administrative fees, if they choose to register with a professional body.

With regards to the partnership between the University of Lincoln and the ICSA, the Governance Institute, students will have the opportunity to register early with the ICSA as a student member, whilst studying for their degree, and they will be responsible for the registration cost. Further details about the scheme, special agreement between the University of Lincoln and the ICSA, will be provided during the induction week and students will need to let the programme leader know if you wish to sign up for this opportunity.

With regards to text books, the University provides students who enrol with a reading list for each module and you will find that our extensive library holds some of the suggested books or electronic versions of the core texts that you are required to read. However, not enough copies are available to all students and you may prefer to purchase your own books and you will be responsible for this cost. Printing may also be required.

Tuition Fees

   2017/18 Entry* 2018/19 Entry*
Home/EU £7,600 £7,600
Home/EU 
(including Alumni Scholarship** reduction)
£5,320 £5,700
International £13,000 £15,300
International
(Including International Alumni / Global Postgraduate Scholarship** £2,000 reduction)
£11,000 £13,300
     
Part-time Home/EU £42 per credit point £42 per credit point
Part-time International £72 per credit point £85 per credit point

* Academic year September- July
** Subject to eligibility

Loans

A new system of postgraduate loans for Master's courses has been introduced in the UK. Under the new scheme individuals will be able to borrow up to £10,280 for the purpose of completing an eligible postgraduate Master's qualification.

Scholarships

As a postgraduate student you may be eligible for scholarships in addition to those shown above.

Guidance for Part-time Postgraduate Fees

To complete a standard Master's Taught programme, you must complete 180 credit points.

Full time students will be invoiced for the programme in full upon initial enrolment.

For part-time students, tuition fees are payable each credit point enrolled. To calculate your part-time fees, multiply the part-time fee per credit point by the number of credits you intend to complete within that academic year. This is usually between 60 and 90 credit points per year.

For example, if the fee per credit point for your programme is £38, and you enrol on 60 credits, the tuition fee payable for that academic year will be £2280.

For further information and for details about funding your study, scholarships and bursaries, please see our Postgraduate Fees & Funding pages [www.lincoln.ac.uk/home/studyatlincoln/postgraduateprogrammes/feesandfunding/].

The University intends to provide its courses as outlined in these pages, although the University may make changes in accordance with the Student Admissions Terms and Conditions.