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Is it allowed to use more tha 1 competitor for topic 17 at the same time ?
I mean for instance, I have compared M&S number of board meetings with Debenehams , Gender diversity with both Debenhams and Next Plc ,Diversity policy with Next Plc and Financial performance of M&S in relation to shareholders returns with TESCO .
Will I be penalized doing it ?
Thank you
Thank you very much :D.
Thank you trephena , I really appreciate your informative and fast reply :D.
heheh ,luckily my mentor has not asked me to perform a primary research.
To clarify on the Code referencing issue further:
1. is it fine to write like ” name of the company has identified the chairman, CEO etc . hence it met the code provision A.1. 2 ,which states to identify chairman CEO etc ? ” .without providing any reference , however if I present in that way it will occupy much of word count right ?
2. If I am following the way you have mentioned , will the referencing me like this ” name of the company is in compliance with the code provision A.1.2 as it has clearly identified it’s chairman, CEO etc ” “( Code,2012,A.1.2) as referencing” and will it go to the main reference list as well ?
which would be the best way? point 1 or 2 .
3. when ever I took information from the annual report I have provided the page number as well , is it not necessary in topic 17 ? , for instance ( Name of the company , 2014c, p.33).
Thank you .
I am commenting to clarify more about the reply you have posted on my query in this page.
1. As you have mentioned the code is evolving , hence there are new amendments in the code ,so based on the provision I raised previously ( C.2.1) ,
if I only just said the company I am analyzing is pro-active in following good CG practices because it has demonstrated ways to mitigate risks face to them ( like for instance see Appendix xx ) and then paste a picture of mitigations they have carried out . will that be a strong point to include in the RAP? just mentioning the company is pro-active ?2. Regarding the second question I raised previously about referencing the the code provisions,my mentor said , I don’t have to reference the previsions, but write as “The Code 2012 ” and no need to provide anything about the code in the reference list , because anyone will be able to download the code , so it is just enough if I write ” The code 2012″ before writing provision number. And if I include anything in the reference list which is not included in the text reference then it will be an absolute fail.
Please kindly advise me what should I do ?
1. I am having a bit confusion on the below provision.
Under new edition of “The code” 2014 provision C.2.1 it states
“The directors should confirm in the annual report that they have carried out a robust assessment of the principal risks facing the company, including those that would threaten its business model, future performance, solvency or liquidity. The directors should describe those risks and explain how they are being MANAGED or MITIGATED.”In “The code” 2012 under the same provision it states
“The board should, at least annually, conduct a review of the effectiveness of the company’s risk management and internal control systems and should report to shareholders that they have done so. The review should cover all material controls, including financial, operational and compliance controls.”In “The Code” 2012 it has not mentioned to disclose the ways in which companies mitigate the risks face to them . If that is the case , is it fine to say , the company I am assessing is proactive in following good CG , because it has mentioned about the mitigation they have taken , although it is following “The Code” 2012.
or do I have to assume , Risk management system it self means , it includes the step of managing the risks?
2. How to reference the “The Code” provisions ? , for instance I have written , the company has identified it’s chairman , CEO …. hence it complies the with “The Code” provision A.1.2 .
I have not written the same wordings of the Provision , just providing the provision number is enough for referencing ?Is it allowed to use more than 1 competitor in topic 17? , I mean for instance while comparing with Sub-board committees I used 1 competitor and for Financial analysis like calculating earning per share I have used different competitor .
and also in some cases I have said , my chosen company is not so good at one area of the code , in that case do I have to see whether other 2 rival companies are doing the same or is it fine to see only one company ?
while bench-marking with a rival company , how to compare the committee roles ?
do I have to compare the terms and references of both companies ? but the thing is , when I went through the terms and references, for example on nomination committee I end up seeing the same thing from the rival companies , so how to differentiate the roles, to make a comparison ?@ trephena
thank you
Can I use the Abbreviation for corporate governance as “CG” and also for research and analysis project as ‘RAP” in this project ?
thank you 🙂
As I am doing the RAP on M&S’s 2014 annual report , it’s financial year ends at 29th March 2014.
In the FRC website it has 2 edition of UK code , one is effective from September 2012 and the latest one is effective from September 2014 and it says
“Companies with reporting periods beginning before 1 October 2014 should continue to report against the September 2012 edition of the Code, although they are encouraged to consider whether it would be beneficial to adopt some or all of the new provisions in the revised code earlier than formally expected.”if that is the case I have to follow September 2012 edition , but my question is , do i have to check the latest edition of the code as well while reviewing whether M&S compliance on the code ? and also do I have to go through each and every provision of it and check whether M&S has complied it or not .
I am doing OBU for the may 2015 submission , so will I be able to include this PwC issue in the project as the FRC’s investigation is likely to take at least a year .
Can I write , there is this problem faced by Tesco and auditors of Tesco is PwC , who are the auditors of M&S as well , hence M&S audited reports are also in question if the PwC feel guilty ? giving reference to that article
oh ! thanx for the update 🙂
