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Cass to launch new MSc module on responsible decision making

Ethics, Society and the Financial Sector will be open to students from May 2012

Cass is launching a new MSc module on Ethics, Society and the Financial Sector.

The module goes beyond traditional courses in ethics and attempts to raise awareness of how wider societal issues and global trends, alongside ethical considerations, affect decision making in financial services.

Open primarily to finance students from May 2012, the module aims to help students become more effective and responsible decision-makers able to play a leadership role in the financial services sector.

Visiting Professor, John Hailey, who developed the module, said: "From climate change in Africa to the Occupy London protests on our doorstep, business leaders need to understand how broader societal and global challenges affect the strategic investment decisions they make.

"This module brings an entirely new dimension to traditional ethical courses. It aims to make students more conscious of the importance of incorporating global trends and societal issues, as well as ethical considerations, in their behaviour and decision making."

Associate Dean for Ethics, Sustainability and Engagement, Professor Paul Palmer, said the module was part of a wider re-examination of the way ethics is taught. "We are carrying out an ambitious review of all our graduate and postgraduate degrees to ensure ethical issues are sufficiently reflected in the curriculum," he said.

"This new module is just a small part of the work we are doing to ensure students are well-equipped to make critical judgements about what is right in the long-term, and not what is most efficient or profitable in the short-term."

Among the topics set to be covered by the module include the 2008 financial crisis where students will analyse the ethical issues it raised and the lessons which can be learnt from it.

Students will also be taught about the impact of the environment and climate change on business sustainability and the consequences of geopolitical trends for the financial services sector.

Other parts of the module will cover the role of social capital and shared value in business sustainability, the benefits of using ethical and responsible practices in the financial services industry and the international dimensions of ethical behaviour.

The module will also help to prepare students for the ethics, integrity and corporate responsibility sections of the CFA and Charted Institute of Securities exams.

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