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Governance – ACCA Strategic Business Leader (SBL)

VIVA

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  4. Hi sir, thank you for your lecture.

    Is this lecture out of date for September 2022 to June 2023 syllabus? I have noticed a different between the notes on site and the lecture material.

    Thank you.

    • The material (lectures plus notes) is not out of date. Lectures and notes should be used as complementary resources. The most important areas are covered in both, but the two sources of information do not have identical content. That does not mean that they are out of date.

      For example:

      1 The lectures sometimes contain additional examples or comments that are not replicated in the notes.
      2 The notes sometimes contain information that is not replicated in the lectures. We do try to keep your attention in lectures and if every detail in the notes were lectured on you would have difficulty staying awake. Not everything in the ACCA syllabuses is fascinating! This is very much what live, face-to face lecture do. When delivering face-to-face lectures I never cover every complexity: I concentrate on what I think is fundamental and of most importance. Understanding the basics is the most important contributor to success. Students who fail do so not because they don’t know everything but because they don’t know the basics, the fundamentals.

      So use both, but it is important to make sure you grasp what is said in the lectures. If you have time, stamina and interest you can then add on the additional lecture material.

      Hope that helps.

  10. Dear Ken,

    Thank you for the great lecture!

    With regards to the appointment of directors to the Board, we are initially told that this is done by shareholders.

    The Nominations Committee is later said to appoint directors. Does it not, rather, identify suitable candidates and put them forward for the shareholders to appoint? If the Nominations Committee appoints directors to the Board and the Board of Directors decide on the composition of the Nominations Committee, when do shareholders have an opportunity to appoint directors?

    • Hi In the 2018 Corporate Governance code says ” The shareholders’ role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place”. and later in page 11 says “The board should establish a nomination committee to lead the process for appointments, ensure plans are in place for orderly succession to both the board and senior management positions,and oversee the development of a diverse pipeline for succession.A majority of members of the committee should be independent non-executive directors. The chair of the board should not chair the committee when it is dealing with the appointment of their successor.”
      Based on the above, I believe that the both answers are correct, the shareholders and the nomination committee can appoint the board of directors. I hope this help!!!

      • Regarding your question, the shareholders will have the opportunity to appoint directors may be in the absence of a nomination committee. But once the nomination committee is formed this will make the process for appointments.
        Mishern it is a bit confusing I’m with you but I will refer to the 2018-UK corporate governance guidance in the exam if there is a question like this.

      • I think the Nomination committee is more of a recommendatory body which sets the job description for directors, finds the right candidate and then recommends for shareholder approval.
        Ultimate authority for director appointment is shareholders unless these are delegated to Nomination committee . I am not sure if this is the practice in Uk though.

  11. Can you please tell me how much knowledge is examiner expecting from us? Is this enough for governance? I am asking that as Kaplan study text is so much detailed.

  12. The last slide Public Sector Governance
    Low-High
    Public needs/attractiveness
    Value for money
    Back drawer
    Political hot box
    Golden fleece
    Public sector star

    I can’t really get the your explanation..

    Hope can enlighten me ..

    • Look at it from a politician’s viewpoint.

      Popular with the public and good VfM: go for it, a public sector star.
      Unpopular and bad Vfm: ignore ie back/bottom drawer
      Popular but bad VfM: controversial and a conflict between public and political choices ie ‘hot box’
      Unpopular and good Vfm: perhaps a luxury? Money might be better spend where there is demand.

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