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Passed with 63. I was convinced I’d failed given I only attempted 77% of the paper. Chuffed to bits!
I don’t remember my case mentioning that. Either that or I completely missed it!
We might have had different questions. Mine was to evaluate the governance arrangements and then make recommendations for improvement. I mentioned a few strengths and weaknesses and then made suggestions.
I was going to suggest a two tier board structure but I didn’t want to contradict myself as I mentioned a unitary board as a strength. What points did you make about diversity? I couldn’t find anything in the extract.
I had the question on Achilles. Overall it was an okay paper.
On the operations question I discussed the issue of their potentially being boundaries within the organisation as they had different operational units and could be following their own goals. Another issue was that budgets were set by head office and would have resulted in lack of staff buy in. For the strengths of their operations I mentioned E business capability (online booking system, communications technology etc), Marketing ability (segmenting and targeting customers). Performance and position were covered by mentioning at least 3 ratios.The governance question was relatively easy. They were required to have an internal audit function as they are a listed company but were missing one. Insufficient number of NEDs was another issue. For the strengths I mentioned that they had already sub committees in place and they were operating a unitary structure.
I found the risk and performance excellence questions very difficult to link to the case. I ended up mainly regurgitating book knowledge and applying this in bits. The question on embedding risks was particularly difficult.
