【ACCA】P1考试试题及答案.docxVIP

【ACCA】P1 考试试题及答案 　　信任不少考生正在努力复习 ACCA P1 考试，今日 yjbys 小编就给 大家带来 ACCA P1 考试试题 Performance-Related Bonus，期望大家在即 将到来的 6 月考试中加油，努力备考吧! ?　　1. Background ?　　Performance-related elements have caused the most controversy in recent years with some directors being awarded a bonus even though their firms have underperformed (and in some cases made substantial losses) or failed to meet or exceed the sector average. ?　　A balance between short- and long-term bonus schemes should be found. The ICGN recommends a minimum bonus period of one year (and not, for example, quarterly) and that bonuses should be based on a percentage of basic salary (or subject to a fixed cap). ?　　A danger of bonus schemes is the directors#39; ability to manipulate the target results on which bonuses are based (e.g. revenue, profits). Achieving sales targets, in particular, may result in questionable, unethical practices by directors and employees. ?　　2. Best-Practice Guidelines ?　　The remuneration committee should consider whether directors are eligible for: ?　　bull;Annual bonuses. If so, performance conditions should be relevant, challenging and designed to enhance shareholder value. ?　　bull;Benefits under long-term incentive schemes.* ?　　Upper limits should be set and disclosed. There may be a case for part payment in shares to be held for a significant period. ?　　In normal circumstances, shares granted or other forms of deferred remuneration should not vest, and options should not be exercisable, in fewer than three years. ?　　Directors should be encouraged to hold their shares for a further period after vesting or exercise (subject to the need to finance any purchase costs and associated tax liabilities). ?　　Proposals for new long-term incentive schemes should be approved by shareholders and preferably replace existing schemes. Total potential rewards should not be excessive. ?　　Payouts or grants under all incentive schemes should be subject to challenging performance criteria reflecting the firm#39;s ob