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Unit of study_

LAWS6318: Corporate Innovation and Regulation

Semester 2b, 2022 [Block mode] - Remote

This unit will cover recent developments in innovation and the law, including disruptive technology and new business models in a range of contexts including the sharing economy, fintech, and more. The unit will also consider the role of trust, the increasing importance of politics in corporate governance, and a range of new global public law issues that have affected the role of the corporation, and the impact of technology, in society. As well as discussing cutting-edge developments in innovation, the unit will discuss challenges for the regulator in staying abreast and ahead of these fast moving changes in society.

Unit details and rules

Unit code LAWS6318
Academic unit Law
Credit points 6
Prohibitions
? 
None
Prerequisites
? 
None
Corequisites
? 
None
Assumed knowledge
? 

None

Available to study abroad and exchange students

No

Teaching staff

Coordinator Jason Harris, jason.harris@sydney.edu.au
Lecturer(s) Richard Prangell, richard.prangell@sydney.edu.au
Type Description Weight Due Length
Participation Class participation
Students will be on-call for 1 day of class
10% Ongoing Equivalent to 1,000 words/ongoing
Outcomes assessed: LO1 LO3 LO2
Presentation Case study presentation
Students will present a case study and provide a written summary
20% Ongoing 1,000 words and 10 minute talk
Outcomes assessed: LO1 LO3 LO2
Assignment Online participation
A minimum of 2 posts on Canvas before each class (150 words each)
10% Ongoing 1,000 words / ongoing
Outcomes assessed: LO1 LO2 LO3
Assignment Research essay
Essay based on sample topics or variation with approved topic
60% Week 13
Due date: 04 Nov 2022 at 09:00

Closing date: 14 Nov 2022
4500 words / 10 weeks
Outcomes assessed: LO1 LO2 LO3

Assessment summary

Class participation (10%): Students will lead the class discussion for 1 class, which will be completed by being on-call for the duration of the class. Students will be expected to have read all of the prescribed readings and be ready to discuss issues raised from those readings in class. Students who are on-call can be called upon at any point to answer questions about the class materials. On-call allocations will be made by the Lecturer and published on Canvas at least 1 week before the first class. Students who are unable to attend their on-call session due to illness must seek special consideration and notify the Lecturer by email. Failing to attend the on-call session may lead to an Absent Fail grade.

This assessment will satisfy the Unit Learning Outcomes as follows. Learning Outcome 1 will be satisfied by requiring students to demonstrate an understanding of how the law and regulation adapt and respond to technological innovations. Learning Outcome 2 will be satisfied by students critically evaluating different regulatory approaches to dealing with novel business models based on technological innovations in class discussions. Learning Outcome 3 will be satisfied by students demonstrating a critical assessment of the role of corporate law and corporate regulation in facilitating new and emerging businesses centred on technological innovation in their class discussions.

Online participation (10%):

Students will submit at least 2 posts (approximately 150 words each) for each of the 4 class days. These posts must be uploaded before the start of each class. Students will write a short post that may include personal reflections on the reading for that class and/or questions or comments on topics arising from material in that lecture. Students may post about recent cases or news stories of relevance to the lecture materials but will need to ensure that the post includes reference to what topics/cases and/or legislation are relevant for the story in the post. Contributions that build on posts by other students will also count for this assessment. Failing to contribute 2 postings to each class online may lead to an Absent Fail grade.

This assessment will satisfy the Unit Learning Outcomes as follows. Learning Outcome 1 will be satisfied by requiring students to demonstrate an understanding of how the law and regulation adapt and respond to technological innovations in their online postings. Learning Outcome 2 will be satisfied by students critically evaluating different regulatory approaches to dealing with novel business models based on technological innovations in online discussions. Learning Outcome 3 will be satisfied by students demonstrating a critical assessment of the role of corporate law and corporate regulation in facilitating new and emerging businesses centred on technological innovation in their online discussions.

Case study presentation (20%):

Students will present a case study drawn from one of the suggested case study topics or on a case study approved by the Lecturer. The case study presentation will discuss the particular case study by reference to the topics to be covered in the class that the case study is being presented in. Case studies will be allocated by the Lecturer at least 1 week before the first class. Students must also provide a short written summary of their case study (maximum 1,000 words) at the start of the class and by email to the Lecturer for posting on Canvas. Students who are not present for their case study presentation must seek special consideration. Failing to present the case study may result in an Absent Fail grade.

This assessment will satisfy the Unit Learning Outcomes as follows. Learning Outcome 1 will be satisfied by requiring students to demonstrate an understanding of how the law and regulation adapt and respond to technological innovations in their case study. Learning Outcome 2 will be satisfied by students critically evaluating different regulatory approaches to dealing with novel business models based on technological innovations in their case study. Learning Outcome 3 will be satisfied by students demonstrating a critical assessment of the role of corporate law and corporate regulation in facilitating new and emerging businesses centred on technological innovation in their case study. 

Research essay (60%):

Students will undertake a 4,500 word research essay on a topic drawn from a list of potential essay topics available on Canvas. The essay topics will be released by the start of the first class on Canvas and will be due on 4 November 9am. The extension of time that may be granted by Special Consideration is the period up to 14 November 9am. Any special consideration applications granted for time periods beyond this date will result in an alternate assessment being given, which may include a viva voce oral exam or a different essay topic being set. 

This assessment will satisfy the Unit Learning Outcomes as follows. Learning Outcome 1 will be satisfied by requiring students to demonstrate an understanding of how the law and regulation adapt and respond to technological innovations in their essay. Learning Outcome 2 will be satisfied by students critically evaluating different regulatory approaches to dealing with novel business models based on technological innovations in their essay. Learning Outcome 3 will be satisfied by students demonstrating a critical assessment of the role of corporate law and corporate regulation in facilitating new and emerging businesses centred on technological innovation in their essay.

Assessment requirement to pass a unit of study

A student must make a genuine attempt at all assessment tasks set out in this Unit of Study in order to obtain a Pass mark and grade (or above); otherwise an Absent Fail grade will be recorded as the student’s result for this Unit of Study.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

  • Completely answers the question.
  • Contains striking originality of approach or analysis.
  • Demonstrates exhaustive or innovative research (where independent research required).
  • Exceptionally well written, structured and expressed.
  • Is otherwise exceptional in some way.

Distinction

75 - 84

  • Completely answers the question.
  • Achieves a critical and evaluative approach to the issues.
  • Content and structure is well organised in support of the argument.
  • Demonstrates extensive research and analysis to support a well-documented argument.
  • Generally well expressed and free from errors.
  • Has a clear structure and is well articulated.

Credit

65 - 74

  • Covers main issues fairly well in answering the question.
  • Contains no significant errors.
  • Demonstrates an attempted critical approach to the issues.
  • Demonstrates reasonably sound research and analysis in addressing the key issues.
  • Has a clear structure and reasonably clear expression.

Pass

50 - 64

  • Identifies the key issues, but does not follow through with a reasoned argument.
  • Contains some significant errors.
  • Displays satisfactory engagement with the key issues.
  • Offers descriptive summary of material relevant to the question.
  • Superficial use of material, and may display a tendency to paraphrase.
  • Demonstrates little evidence of in-depth research or analysis.
  • Adequate expression.
  • Demonstrates the minimum level of competence and satisfies the requirements to proceed to higher-level studies.

Fail

0 - 49

  • Does not answer the question.
  • Contains significant or numerous errors.
  • Few or no identifiable arguments.
  • Content that is inappropriate or irrelevant.
  • Lack of research or analysis.
  • Difficult or impossible to understand through poor grammar, expression or structure.
  • Overall, does not demonstrate the minimum level of competence in the assessment.

For more information see sydney.edu.au/students/guide-to-grades.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

This unit has an exception to the standard University policy or supplementary information has been provided by the unit coordinator. This information is displayed below:

The late submission of a piece of assessment, without an approved extension, will attract a penalty of 10% of the total marks available for the piece of assessment per calendar day or part thereof. For example, a submission after 9am but by 11:59pm on the due date for submission will attract a 10% penalty of the total marks available for the assessment. Canvas allows students to submit after the deadline, but all submissions after the due date and time will be recorded as late. The date and time of submission as recorded by Canvas is taken as the official and final record of a student's submission.

Academic integrity

The Current Student website  provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.  

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

WK Topic Learning activity Learning outcomes
Ongoing Introductions, discussion of topics for research essays, introduction to disruptive technology new business models, overview of fundraising, and regulatory structures Seminar (7 hr) LO1 LO2 LO3
Corporate law and governance, the traditional role of the corporation and new models of corporate governance, incentives, power structures and decision making within high growth business Seminar (7 hr) LO1 LO2 LO3
Financial services innovation, understanding the law reform process, corporate illegality Seminar (7 hr) LO1 LO2 LO3
Challenges for regulators, regulatory toolbox and strategies, cross jurisdictional enforcement and discussion of essay writing Seminar (7 hr) LO1 LO2 LO3

Attendance and class requirements

Attendance: All students are required to attend 70% of live classes (or as otherwise specified by the Unit Coordinator) to satisfy the pass requirements for each unit of study. Attendance requirements may be satisfied by online attendance as specified by the Unit Coordinator. Failure to meet this requirement may result in a student being precluded from sitting the final assessment.

For units offered in Intensive mode, participation in all scheduled sessions may be expected by a Unit Coordinator in order to satisfy the requirements of the unit.

Word count penalty: A piece of assessment which exceeds the prescribed word limit will attract a penalty of 10% of the total marks available for the piece of assessment for every 100 words, or part thereof. The total word count for essay and other written assessments will exclude: bibliography; footnote numbers; footnote citation; cover page and include: body text; headings and sub-headings; quotations; anything other than numbers and citations in footnotes.

Referencing: The Sydney Law School expects you to use the Australian Guide to Legal Citation (4th edition, 2018) for your footnoting style, although you should confirm this with your lecturer, and a link to the library website where this is set out comprehensively is available at https://libguides.library.usyd.edu.au/c.php?g=508212&p=3476376

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

The required readings will be posted on Canvas and set out in the Reading Guide on Canvas.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. Identify and discuss how law and regulation adapt and respond to technological innovation
  • LO2. Critically evaluate different regulatory approaches to dealing with novel business models based on technological innovations
  • LO3. Critically assess the role of corporate law and corporate regulation in facilitating new and emerging businesses centred on technological innovation

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9

This section outlines changes made to this unit following staff and student reviews.

This unit has been comprehensively revised since it was last offered in 2018.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.