[vickyshaw]

Hi again. So I have spent pretty much all of today trying to write about Tesco’s shareholders relations and I am getting nowhere, so I am here to ask for any hints and tips on what i should be looking at when comparing Tesco’s shareholder relations to the Code (Section E). I really don’t know how to start. I’ve looked at the Code, I’ve looked at other examples of good shareholder relations, but I am finding it difficult to bring Tesco in.

Any advice?

x

[vickyshaw]

Thank you Trephena for that much needed pep talk. I wish you were my mentor!! I need to get a grip and get on with it, which is what I shall do right now. Code of corporate governance here I come……!

[vickyshaw]

Me again! I’m sorry for clogging up the thread!

I’ve been workin on my report all day. I just sent a section of my part 3 to my mentor and she says I am doing it wrong 🙁 I am soooo confused!

My part 1 sets the scene- so it discusses the topic and organisation choice then gives my objectives and research questions and overall approach to the research

Part 2 is where I outline my sources and how i collected info / limitations and goes into the ethical issues I experienced etc. I am fine with with all of that. I then have the section on accounting and business techniqus used. I have 4 sections to this: Ratio analysis, corporate governane theory (including the code), stakeholder theory and agency theory. I explain about each of them and discuss their limitations. So this is all theory.

Part 3- this is where I am struggling. I was planning to tackle the obvious problem areas with Tesco in turn. So for example, I start with the external auditors. I explain what the code and other guidance suggests, then i have a section which evaluates Tesco’s auditors practices and how it differs from the guidance. I touch on their fees, their independence and the threats that came out of their 30yr relationship with Tesco.

But my mentor says I am going about it wrong. She says i need to follow the layout I prescribed in Part 2. So i should start with ratio analysis, then “do” agency theory. I don’t know what she means by “do” agency theory.

Please help, I am confused.

Vic x

[vickyshaw]

Can i also another quick question. If I am looking at Tesco’s CG practices in 2014, do I use the code relevant at that time to compare. Or do I use the most recent version now as a comparison for everything?

[vickyshaw]

I’m really struggling. I’m thinking of deferring to the next submission period as the pressure is getting ridiculous. 🙁

I have my research, but I am struggling putting it down the report. For example, I have looked at the external auditors as an example of questionable governance. I have a section which describes what the auditors “should” do, what they actually did, why this was questionable etc and related it back to the code and agency theory. But after the 2014 scandal, this set up changed. So my quesiton is, do I write about the changes in this same section, or do i use a different section later on to write about the changes made (as part of the “organisations response” section.

I am getting so hung up on where to put things in the report, it is really holding me back.

[vickyshaw]

Can i ask another question? I am analysing Tesco and I am going round and round in circles on how to present question 3 and I am getting very confused.

How do I lay out section 3? My objectives focus on the accounting scandal of 2014 and I am looking at corporate goverance practices prior to 2014 and how they contributed and then I am looking at practices subsequent to that to evalute any improvement etc. Do you think that is an acceptable route to follow? Or am I going way off tangent?

[vickyshaw]

Phew, that has taken a weight off my mind! But regarding the spreadsheet work, I am struggling to think of something to show I can use formulas etc. I can put the ratios in a spreadsheet and make a chart / graph to show the consequences of bad coroprate governance but will that be enough?

[vickyshaw]

Hi again

If I am using ratios to prove certain points, do i use the formula i learnt in my ACCA studies, or do I use the ratio the company itself has used. It appears they have added things to their formula and so I get a different answer to them for ROCE if i use the formula i am used to

Vic

[vickyshaw]

Trephena please help, I am having a nightmare with this RAP. I have done parts 1 & 2 of the report but am struggling with how to lay part 3 out. I have contacted my mentor, but she just keeps telling me to follow the layout in the information pack. But its the pack I don’t understand.

My RAP is on Tesco and the objectives and research questions are:

Objectives:

1. Identify the recommended governance practices relevant to public companies
2. Review the corporate governance practices of Tesco identifying any areas of weakness
3. Determine the impact of such weak corporate governance and the organisations response

Research questions:

1. What are the recommended practices of corporate governance relevant to public companies?
2. What are the indicators of good corporate governance?
3. What are the corporate governance structures adopted by Tesco?
4. What went wrong and how did the corporate governance issues unfold?
5. To what extent has Tesco complied with the codes adopted?
6. What was the impact on Tesco and how did they respond?
7. What was the impact on relevant stakeholders?

My mentor has told me to answer the research questions in Part 3. So if i was to answer questions 1-3, then that would be 3 sections containing factual information wouldn’t it? Is that what I am supposed to do? Would I outline the recommended practices, set out the indicators of good governance and explain the structures Tesco has adopted. And would I THEN go onto analysing the corporate governance?

I am panicking, time is ticking away and I am really struggling.

Vicky x

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