Scope and Objectives of Financial Management

This week’s topics

Scope and Objectives of Financial Management

1. Shareholder wealth maximisation
2. Agency theory and stakeholder conflicts
3. Corporate governance mechanisms
4. Financial control frameworks
5. Lecture 4: Fundamentals of Financial Management – Part IV
6. Corporate Governance: Agency Theory
7. UK Corporate Governance Explained | IoD

What you will be able to do

• 1.1 Explain the scope and control of financial management and control in business.
• 1.2 Explain the objectives of financial management in business.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain the scope and control of financial management and control in business.

Study materials

Videos

• Corporate Governance: Agency Theory · YouTube · Galton College · 34 min · for registered students
• UK Corporate Governance Explained | IoD · YouTube · Institute of Directors (IoD) · 57 min · for registered students
• Reforming Corporate Governance - Alex Edmans · YouTube · Gresham College · 51 min · for registered students

Further resources

• Principles of Finance 2e, ch. 2: Corporate Structure and Governance · PDF · OpenStax, textbook chapter; pp. 51–78 · for registered students
• Corporate Governance, ch. 2: Governance and Accountability · PDF · Saylor Academy, textbook chapter; pp. 27–50 · for registered students
• UK Corporate Governance Code 2024 · PDF · Frc, guidance; 19 pages · for registered students