Corruption and Governance in International Business: Risks, Rules and Remedies (936M9)

30 credits, Level 7 (Masters)

Spring teaching

This module is divided into three main parts, plus an introduction and conclusion.

The introduction gives you an overview of types and patterns of corruption, both bribery in international business, state capture and facilitation payments - building on and recapping the session on the 'Interdisciplinary Approaches' module.

In the first part of the module, you focus on specific sectors (one per week), such as:

  • defence
  • construction
  • pharmaceuticals
  • finance.

In the second part of this module, you consider the legal environment and corporate responses.

You begin with the theory of legislating against bribery, looking at Optimal Deterrence theory and the Klitgaard approach to anti-corruption.

You are then introduced to the main Anti-Bribery Laws and conventions, covering FCPA/OECD ABC/Bribery Act. You analyse changing enforcement patterns and new developments, discuss exceptions such as facilitation payments, and then evaluate the main corporate responses to AB laws (compliance, risk assessment, corporate disclosure and reporting).

This section includes a teaching case based on a recent enforcement.

In the third part of this module, you focus on Voluntary Private Regulation and Collective Action Initiatives. You start by elaborating on the theory of collective action and clubs, before evaluating some key industry initiatives, with engagement from external speakers such as:

  • EITI
  • Maritime Anti-Corruption Network
  • PACI etc.
  • TI guiding principles etc.

Teaching and assessment

We’re currently reviewing teaching and assessment of our modules in light of the COVID-19 situation. We’ll publish the latest information as soon as possible.

Contact hours and workload

This module is approximately 300 hours of work. This breaks down into about 22 hours of contact time and about 278 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.

We’re planning to run this module in the academic year 2021/22. However, there may be changes to this module in response to COVID-19, or due to staff availability, student demand or updates to our curriculum. It may not be possible to take some module combinations due to timetabling constraints. We’ll make sure to let our applicants know of material changes to modules at the earliest opportunity.