2015年12月ACCA考试P1讲义.docx

2015年12月ACCA考试P1讲义12月ACCA考试就要到了，为了方便大家更好地复习12月ACCAP1考试，小编在百度文库定期传一些考试资料，如有需要请关注财萃财经的百度文库。Governance:　　Directors　　(a)Chairman　　Running the board and setting its agenda　　Ensuring the board receives accurate and timely information　　Ensuring effective communication with shareholders　　Ensuring sufficient time is allowed for discussion of controversial issues　　Taking the lead in board development　　Facilitating board appraisal　　Encouraging active engagement by all the members of the board　　Reporting in and signing off accounts　　(b) CEO　　Business strategy and management　　Investment and financing　　Risk management　　Establishing the company’s management　　Board committees　　Liaison with stakeholders　　(c) Division of responsibilities　　CEO run the company, Chairman run the board and take the lead in liaising withshareholders　　Chairman carries the authority of the board, CEO has the authority that isdelegated by the board. Unfettered powers is concentrated into on pair of hands　　Avoiding conflict of interest　　Board can’t make the CEO accountable for management if it is led by CEO　　Board is more able to express its concerns effectively by providing a point ofreporting for the NEDs　　Chairman is responsible for obtaining the information that other directorsrequire to exercise proper oversight and monitor the organizationeffectively　　Compliance with governance best practice and hence reassures shareholders　　(d) Roles of NEDs　　Strategy. Contribute to, and challenge the direction of, Strategy　　Scrutiny. Scrutiny the performance of executive management in meeting goals andobjectives and monitor the reporting of performance.　　Risk. Financial information is accurate and financial controls and systems ofrisk management are robust.　　People. Determining appropriate levels of remuneration for executives, and arekey figures in the appointment and removal of senior managers and in successionplanning　　Contribution of NEDs:　　Better balanced board(power, skills and experiences)　　Representing shareho