Education Policy | Post Primary | Preschool | Primary | Tertiary | Search

 

An education in governance

Monday, May 22, 2006

An education in governance

A unique qualification in the increasingly relevant area of corporate and institutional governance is now available in New Zealand.

The Postgraduate Diploma in Business and Administration endorsed in Corporate and Institutional Governance is a first and has been introduced by Massey University’s Department of Management.

It is expected to appeal to existing or potential directors of companies, members of school boards, community trusts or other voluntary organisations and others with a serious interest in governance issues.

Professor Martin Devlin says the new diploma is the result of an increasing number of inquiries to the University about ongoing qualifications in the field of governance.

He says the new programme provides an important new tool, given that many recent corporate and institutional failures, in New Zealand and overseas, have been failures in governance as much as failures by management.

Discussions with the governance community, the Institute of Directors, independent consultants, Crown Companies Monitoring and Advisory Unit, as well as practitioners of governance, revealed a need for governance education in general and some areas in particular.

Those areas include:

- Governance and strategy
- Current issues in governance
- Best governance practices – private, public, and voluntary
- An understanding of the principles of good governance in the New Zealand context
- Research in, and theory of, governance
- Local case studies in governance
- Duties, roles, and responsibilities of directors
- Legal and ethical studies
- Business-related skills development in governance.

Professor Devlin says the new qualification will cover all of those areas, providing a comprehensive and thorough understanding of all facets of governance, based on current research, publications and best practice guidelines.

“Under the Companies Act, directors are responsible for the management of the company so one way of looking at the role of governance is that of providing strategic direction for organisations, or managing the managers,” Professor Devlin says. “While authority and resources may be delegated to appointed managers, it is the directors or board members who are ultimately responsible for the success or otherwise of the organisation.”

Professor Devlin says failure to properly perform the duties of directors may result in severe criminal and civil penalties, including substantial fines and terms of imprisonment.

“Similar, less substantial outcomes apply to board members of public and voluntary organisations. Above all, there are the social costs of organisational failure and the damage to the reputations of those involved.”

He says the new qualification will allow students to understand and appreciate what constitutes best governance practice, to help organisations and companies achieve the goals expected of them by their stakeholders and owners.

The diploma is available extramurally and enrolments are already high.

ENDS

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Reuben Moss' Property is Theft! & Kaitani at The Physics Room

Property is Theft! continues Moss’ interest in the contemporary urban environment as a space controlled by pulsing and unequal flows of capital and labour. Kaitani features work by the University of Canterbury Fijian Students Association and Kulimoe’anga Stone Maka. More>>


Handcrafted Form: Rare Treasures From Japan

This unique exhibition at Expressions Whirinaki represents 90 everyday objects made by contemporary Japanese artisans who employ various traditional craft techniques made in regional workshops. The works used in daily life are crafted from raw materials with techniques appropriate to bringing out the best of its medium, balancing ease of use with aesthetic appeal. More>>

Howard Davis Article: A Musical Axis - Brahms, Wagner, Sibelius

Brahms' warm and exquisitely subtle Symphony No. 3 in F major, Wagner's irrepressibly sentimental symphonic poem Siegfried Idyll, and Sibelius' chilling and immensely challenging Violin Concerto in D minor exemplify distinct stages of development in a tangled and convoluted series of skirmishes that came to define subsequent disputes about the nature of post-Romantic orchestral writing well into the following century. More>>

Scoop Review Of Books: A Pale Ghost Writer

Reviewed by Ruth Brassington, Richard Flanagan's new novel is about a novelist hastily ghost-writing the biography of a crook about to go to trial. The reader is kept on a cliff-edge, as the narrator tries to get blood out of his stone man. More>>

New Zealand Wars Commemoration: Witi Ihimaera's Sleeps Standing Moetū

The second of several articles to mark Rā Maumahara, remembering the New Zealand Land Wars. The first was a Q&A with Vincent O’Malley, author of The Great War for New Zealand: Waikato 1800–2000. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
  • Wellington
  • Christchurch
  • Auckland