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Agency Theory

Course video 38 of 52

Welcome to the final topic of 'Keeping up with Change: Issues for the Finance Professional'. In this module you will be exploring a range of important elements within the arena of Corporate Governance. These are located under two broad headings: What is Corporate Governance? and Making Governance Work. In the first part considering the nature of corporate governance we look at Agency Theory, Transaction Cost Theory, and Stakeholder Theory. In seeking effective governance we examine the significance of the roles of each of the Board, Shareholders, Internal Control and Risk Management, and Internal Audit. Throughout the module you will have the opportunity to apply all of your learning into context, be that based on your own organisation, or your professional experience in general. This will help you to apply theory to reality, not least in the form of peer review assessments.

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