AC412 Half Unit
Accountability, Organisations and Risk Management
This information is for the 2019/20 session.
Prof Michael Power KSW.3.12 and Dr Tommaso Palermo KSW.3.07
This course is available on the CEMS Exchange, Global MSc in Management, Global MSc in Management (CEMS MiM), Global MSc in Management (MBA Exchange), MBA Exchange, MPA in International Development, MPA in Public Policy and Management, MPA in Public and Economic Policy, MPA in Public and Social Policy, MPA in Social Impact, MPhil/PhD in Accounting, MSc in Accounting and Finance, MSc in Economy, Risk and Society , MSc in Law and Accounting, MSc in Public Administration and Government (LSE and Peking University), MSc in Public Policy and Administration and MSc in Risk and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit.
Other students may be admitted only with the agreement, in writing, of the MSc (Accounting) Programme Director.
This is an advanced course focusing on the organisational and institutional settings within which risk is managed.
First, the course explores the intersections of risk and corporate governance, by focusing on the risks that arise at top management and board of directors level, including misconduct, gatekeeper failure, executive pay and board composition. Second, the course deals with key issues in organisational responses to risk and uncertainty, including the impact of disasters and accidents and the growing formalisation and standardisation of risk management practice. The overall purpose of the course is to provide students with a critical appreciation of the management of risk as an organisational and social process. The course is necessarily cross-disciplinary, drawing on scholarship within accounting, organisational sociology and regulation studies.
30 hours of seminars in the LT.
This course has a reading week in Week 6 of LT.
Two pieces of written work will be assessed during the term. The grades for this work will not count towards the overall course assessment.
No single book covers the entire course. Key readings include: Bebchuk & Fried, Pay Without Performance (Harvard, 2004); Coffee, Gatekeepers: The Professions and Corporate Governance (Oxford, 2006); Hutter & Power (eds) Organizational Encounters with Risk, (Cambridge, 2005); Power, Organized Uncertainty: Designing a World of Risk Management (Oxford, 2007); Turner & Pidgeon, Man-Made Disasters, (Butterworth/Heinemann, 1997); Vaughan, The Challenger Launch Decision, (Chicago, 1997); Short & Clarke (eds) Organizations, Uncertainties and Risks (Westview, 1992); Weick & Sutcliffe, Managing the Unexpected: Assuring High Performance in an Age of Complexity (Jossey-Bass, 2007).
Exam (100%, duration: 2 hours) in the summer exam period.
Student performance results
(2015/16 - 2017/18 combined)
|Classification||% of students|
Total students 2018/19: 33
Average class size 2018/19: 34
Controlled access 2018/19: No
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Commercial awareness
- Specialist skills