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Start to solve questions from the exam kit and revision kit
The only one way to pass the exam is to practice, practice and practice. the main idea of P1 paper – is to apply the knowledges (not to know the theory)If you read the study book 10 times – you will not pass the exam. It is not enough. You should solve questions, solve questions and solve questions!
It is the same. They changed the code in June 2010.
You can use the code from here:https://www.frc.org.uk/documents/pagemanager/Corporate_Governance/UK%20Corp%20Gov%20Code%20June%202010.pdf
The details of changes are here: https://www.frc.org.uk/corporate/ukcgcode.cfm
In Q1 I put CEO – pre-conv, FD – pre-conv and Kathy – conv.
CEO and FD – pre-conv. because they were thinking only abouth the wealth (the shareholder’s wealth and their personal bonuses).
Kathy – conv, because she understood the legal norms and moral principles, however she completed the project. So, she allowed people to die!!!
If Kathy did not complete the job in the allowed time, and did not allow to lunch the new car, I could put Kathy to post-conv level! However, unfortunately, she only though about possible crashes, but did not stop it.
Easy and common questions 🙂 However it was difficult to answer!
Firstly i was confused with the insitutional investor’s behaviour… 2 small easy questions by 6 marks each, but i didn’t answer them from my best! What did you write in response to questions about insitutional investors?
@boscobosco said:
Thanks for posting that.
So were you wrong with NNN?I’m not sure. It depends on the situation. There could no be certaion allocation. For example, the government is usually involuntary stakeholder, however in our exam government was a shareholder of the nuclear company, so it was voluntary stakeholder 🙂
Regarding the NNN i considered it as not a pressure group, but as a local community.
PS. As for seals, they did not have claims. So it was not possible to assess their claims. I did not find any other solutions for claims assessment except for B-land, C-land and NNNPlease, find below the certain definitions of voluntary and involuntary stakeholders (from BPP text book 2010, page 17):
Voluntary: those who engage with the organization voluntary – management, employees, customers, suppliers. shareholders and pressure groups.
Involuntary: those who become stakeholders involuntarily – regulators, government, local communities, neghbours, the natural world, future generations.These are the definitions from the text book. I mentioned 3 stakeholders in the exam: Beeland, Ceeland and NNN organization.
@emmanuel_taf said:
Question 4 – last part. I used the AAA framework to help Mr Shreen decide on a course of action. I am worried coz the question said ‘discuss’ and ‘advise’.Did anyone else answer question 4 ? The AAA model was just perfect for that scenario but im not sure thats what the examiner wanted ?? Help anyone ??
The AAA model was examined in Dec’09 P1 exam. So i guess that in June’10 exam the examiner wanted some other model. Kohlberg theory for question 4 was very convinient.
However as i Know there is no only one answer for P1 questions. If the answer is logical and correct, so it is possible to have high marks.I also selected question 4, however i managed my time nor very well, so i didn’t qomplete the question 4. However the questions 1 and 2 were answered by me in full. I hope so.
Generally i hope that i can receive 50 marks or some more.