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i am sure all who appeared for P1 exam are pretty clear on who voluntary and involuntary stakeholders….
the issue here is a bit complicated thats why i asked…..
With the pressure group….its upto THEM to be a part of the organisation or BE AFFECTEd……if u know wat i am trying to say. If they decided not to engage in and butt in HN…they didnt had to. was entirely upto them. This is why i say i dont think they were stake holders.
I guess the reason why most of the people mentioned NNN as an involuntary stakeholder is because the question mentioned about their CLAIMS too. Now clearly in the questions BEELAND, CEELAND and NNN were they only were ‘ CLAIMING’ something …. u know wat i mean.
Anyway, the biggest issue here is that because i couldnt find any CLAIMS as such and instead of not writing down any, i wrote NNN too….which i am pretty sure is wrong.
All in all, it sucked!!!!
Surely the government, employees, trade unions, customers, etc all had claims? Although they were voluntary. NNN was voluntary too, i think. Hoping that the three involuntary were: Beeland/Ceeland/seals
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Q1 involuntary stakholders were the two goverments of bee & cee and the third one was the indirect stakeholder, NNN. They represented & were the voice of the seals aswell as the general enviroment.
please correct me if im wrong.
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@rizyy said:
Q1 involuntary stakholders were the two goverments of bee & cee and the third one was the indirect stakeholder, NNN. They represented & were the voice of the seals aswell as the general enviroment.please correct me if im wrong.
I struggled with the seal/pressure group problem for the whole exam. I eventually said that the seals were involuntary stakeholders. i think i am correct as pressure groups in the book are classified as voluntary. Not entirely sure.
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It felt like the examiner was not asking anything specific at all but obviously he must have been!! very strange paper would much have preferred if he said something like “use x to analyse this” etc. as it stands im not confident at all because i didnt use the things i had learned and it was all general knowledge.
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Also to involuntary stakes I add ‘the sea’ because their transfer nuclear materials to foreign country by sea ))
Please, 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.
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@mrdragon said:
Please, 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.
Thanks for posting that.
So were you wrong with NNN?
@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 NNN- Topics: 0
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NNN was a voluntary stakeholder because it chooses to oppose the plant, so was the government because it chose to build it. As to seals, they have a claim to clean water and habitat, this claim was voiced by NNN, but it is the seals who are the stakeholders. Involuntary stakeholders also included foreign neighbours concerned with emissions and taxpayers of Ayland who had no choice but to foot the bill for the plant.
@emmanuel_taf said:
Which question was that again lol !? – i am so stressed from that exam i cant remember a thing !it is q4 (c),right? i used the AAA model, as i was short of time, use point form.
@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 ??
i used AAA too. as I short of time, so I just done the 7 questions then that is time’s up. i think the question is want us to make a decision for Mr.Shereen
@gimvie said:
I think my paper went really well, but I am so gutted about the time management. I didn’t answer properly Part D of Question 1, although I had good points for that question. I think that Section A was not difficult at all. The answers of Part A & Part B were in the scenario. As far as Part C is concerned, can anybody tell me that what who was the agent of the nuclear plant? Was it that trade union company. Anyways, I wrote all the duties, objectives of agents. I think I should get atleast half marks in that part. In Section B, I attempted Q.2 and Q.3, and those two questions took alot of my time. I think I answered them fairly well, especially Q.3, which was about Internal Control. Internal Audit & Principles-Based approach. I am optimistic about my chances of passing this paper, but you never know what happens. In F9, I left about 20 marks and I was expecting 35% maximum, and I was really shocked to see that I got 56% in that. Really shocked….You just never know with these papers. Anything can happen. Even if you think you haven’t done well, you may still pass. Good Luck everybody!!!I thought the agent is the board, and the principle is the Government of Ayland?
or no i think i write wrongly the claims …i stated why they have claims instead of what claims they are ..i juz wrote the involuntary group stated there are bad consequences , didnt wrote they want to close the business ….so sad…
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Hi,
I used the AAA framework too to advise Mr Shreeves as it was the perfect fit, he had 2 decisions to make and we needed to advise on which one is best and I thought a framework for ethical dilemmas was needed. lets hope we got it right.
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I thought i did quite well, but after all you said, I dont feel any confidence at all now! My second attempt, dont want to fail again……
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Definitely not enough time to much to read in the scenario for question 1.
Did not get to question 4b, NO Time…..Very surprised as the questions only covered a small part of the syllabus….wasted valuable time studying P1 when i could have spent it on P2!
It was more like a use your common sense paper….although having said that i never thought to use Tucker or AAA model when constructing Mr.Shreeves ethical arguement….DAMN!
Also compares to previous sittings it was a very time consuming paper…..left 16 marks behind.
Ah well all i can do now is hope i get a fair correcter!!!- Topics: 0
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is the society (general public) one of the invoulantary stakeholder??
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Iam also for q4 part c used AAA model but iam not know what examiner want for the paper i do well this time and hope pass
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voluntary and involuntary stakeholders are discussed in one of the technical article and most of the question came from articles too like the AAA Framework for Q4 last part..i did the same as you emmanuel..not sure its right or worng but does fit the question tho~
@emmanuel_taf said:
The 5o marker was soooo long OMG ! it was horrible.Voluntary i wrote that they have a choice to be stakeholders or not e.g. employees can look for another job & involuntary i wrote things like the colony of seals – they are an involuntary stakeholder coz they have no choice and cannot move from the area.
What you said crossed my mind and i wasted a lot of time thinking about what to write !!it was fair i was not that prepared but answers were in the scenarios i hope i passed.!!
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the comments are really helping me to know I wasn’t alone. It’s my first attemot at ACCA and I was thinking there was something wrong, the Q1 was soooo long, I spent 2 hours on it, and I rarely used any book knowledge, all was quite common sense. all the best everyone!!!
@swapna said:
is the society (general public) one of the invoulantary stakeholder??I used them as an involutary stakeholder and talked about them being postively affected eg jobs, economic development. I also put down NNN and put down neighbouring countries as one point but divided that Beeland and Ceeland.
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the exam was a bit long too much reading- the case studies for all questions were too long
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Volunta
@accaite said:
this is very important … please do tell who did you classify as the VOLUNTARY AND INVOLUNTARY stakeholders? specially the 3 INVOLUNTARY stakeholders and their clams?Voluntary
* Gov who owns 100% of the Company
* Trade Union
* SuppliersInvoluntary
* The 2 Governments mentioned in 2 paragraphs who claim that the plant was contaminating the water. One of these country was close to the plant and was getting affected due to the water pollution. whereas the other company does not seem to have valid claims as its situated quite far from the plant.
* the Pressure group (Environmental group) – the Seal species would be affected and their natural environment disrupted. leading to extinction of species.
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