Corporate Governance and Management

The module provides an overview in relation to the developments and changes have taken place in management science and practice leading to the management models we have in the world now. By using the ontological sources and epistemological approach, Islamic principles in relation to management will be identified. The module will also introduce and explore authentic Islamic approaches to motivation within a business or workplace setting. Leadership will be explored as one of the main principles and functions of management. Existing conventional theories of leadership will be outlined with reference to the implications to management practice. Various theoretical frameworks for corporate governance will be discussed as a base to present and rationalise Islamic corporate governance model. In addition, Shari’ah governance in the form of Shari’ah compliancy and Shari’ah Boards will also be presented. After discussing the CSR models and practices exist around us, the recent debate aiming to develop Islamic CSR in relation to Islamic moral economy and the resultant models will be presented. Despite the principles and norms defined by Islamic ontology, everyday practice of businesses and management can be different; and therefore this module draws upon the ‘normative’ and ‘positive’ discussion on management issues in Islamic and everyday life of Muslim societies. In addition to Islamic banking and finance, the Halal industry has been developing globally. This session focuses on the notion, and also developments and trends in Halal markets and also on specific marketing and branding practices, which centre on the Muslim markets for products and services. The interplay between Islam and modernity is a current and developing area of interest, which directly impinges on national, transnational and global business management.

By the end of this module the student should be able to:

1. To explore, at an advanced level, the impact of cultural variations on management issues to rationalize Islamic management, with particular emphasis on the Islamic principles of management and organizational behaviour in general, and motivation and leadership in Islam.
2. To advance students' understanding of Islamic management principles and its articulation in various managerial principles.
3. To explore, at an advanced level, corporate and Shari'ah governance in Islamic moral economy as well as Islamic corporate social responsibility as part of organizational behaviour.
4. To advance students' understanding of the impact of cultural variations on Islamic management functions and entrepreneurship.

1 Define management

Defining Management: Evolution and Historical Outline

2 Cultures

Managing in Different Cultures: Cross-Cultural Management

3 Management, Motivation and Leadership in Islam

Principles of Management in Islam Islamic Perspectives of Motivation Leadership Theories and Islamic Leadership

4 Governance, Management and CSR

Islamic Corporate and Shari'ah Governance Islamic Corporate Social Responsibility Islamic Management Styles and Entrepreneurship Halal Markets/Islamic Management and Branding