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+--- Thread: Need help in , P1 ACCA (/thread-need-help-in-p1-acca)
Need help in , P1 ACCA - masroorahmed - 05-03-2011
AOA to ALL,,,
This is Masroor Shaikh,,, I am gonna appearing in P1 in this session ,,,and continuing my preparation on self ,, i m little bit stuck in the topic of service contract , re election of directors and their links with the rumeneration, i have understood these topics individually , but can not link them , kindly if any of u is under preparation or have a good grip on this plz leave you email or cell or skpe id or any other mode ,, i need an input of half an hour, It would be your favour , i m ready to help on P7 Uk...
- Dard - 05-03-2011
Directors have a fudiciary duty to safeguard the assets of shareholders and put them to effective use. There are many things which may threat this and create a conflict of interest. The directer hired must have the appropriate qualification, skills and expertise. The directors should submit themselves for re-election at each AGM.
The service contract defines the the rules regarding employement, rights and responsibilties of the director. The service contract also mentions the remuneration of the director.
- masroorahmed - 05-05-2011
this is not enough,,,, please tell me that if Directors are to submit themselves at regular interval , normally three years ,,, and acc to best practice the contract should be limited to one year, whaat if directors leaves his office after one year which is also the same date on which his contract expires, will the director be entitled to pension ???
- masroorahmed - 05-05-2011
Hey Mr DArd ,, I think i m unable to clear my Question , if you have understood it then well n good , otherwise i ll clear my question in a short span of time ,,, plz do co operate,,,