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  1. Dear Mike !

    Thanks for the brilliant lectures ! You have made the subject of Governancs very interesting . Very neat presentation and delivery of lectures .
    I have a small clarification , you have mentioned in the notes that the service contract of a director cannot exceed a year . Why is that so ? Is it applicable for any listed company or just FTSE 350 companies ?

    Thanks again !!

  2. Sir,
    who will evaluate the performance of neds in the remuneration committee????( as they will also be members of the board of directors thus required by cgc to have their own performance evaluated too)

    • If you download a copy of the financial statements of a UK company called Devro (I use it EXTENSIVELY in my P1 lectures!) you’ll see that Devro has TWO remuneration committees. The first is comprised of neds and they determine the remuneration of the executive directors. The second is comprised of executive directors and they determine the remuneration of the neds.

      But download Devro – it’s a brilliant illustration of P1 in action

      • It is written in the annual report of devro that ‘The two-committee approach ensures that no Director is involved in setting his or her own remuneration’ . That means the same principle will apply to evaluation of performance that no director will be involved in his own evaluation, which means that the remuneration committee(comprised entirely of neds) will evaluate the performance of the rest of the directors on the board(whether ed or ned) and the remuneration committee(comprising of eds) will evaluate the performance of the neds on the other remuneration committee. So every individual director has had his performance evaluated. The only question that remains in which remuneration committee will evaluate the performance of the board as a whole????

      • Am I not correct that, within the remuneration committees’ report there is mention of the fact that the committees take advice from a (totally) independent recruitment company?

        If that doesn’t satisfy you 馃檪 then keep looking through the Devro annual report. There should be something in there that answers your question – I just cannot remember seeing it

      • You’re welcome – and enjoy Devro – it’s a BRILLIANT annual report and financial statements – there’s just SO MUCH of direct relevance to P1

  3. Sir,
    who will evaluate the performance of neds in the remuneration committee????( as they will also be members of the board of directors thus required by cgc to have their own performance evaluated too)

      • Sir,
        Related to the renumeration package question which starts at 1 min 30 sec. It has been referred that the question appears in the revision kit.
        Thanks

      • From memory (don’t make me listen to myself – not even for 1 minute 30 seconds!) there was a question in a BPP revision kit – an early edition just after P1 was introduced into the exam structure. It’s no longer in the revision kit. Probably in the lecture I said “There used to be a question in the revision kit which ….” but it’s gone now

        Sorry

        馃檨

  6. It will be much apriciated if u can upload the revision questions and answer for this paper… Like vedios explaining how to solve a specific question

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