Thursday, September 22, 2016

Heartiest Congratulations UK University Graduates!


- relevant to ambitious ACCA undergraduates

Heartiest Congratulations!  

SUCCESSFUL Degree Holders of UK University. I am glad that my students passed well. Even getting Grade B, 2nd Class Honours, while working full time and having to balance with family responsibilities. Amazing rare talents you all are.


 Image result for oxford brookes
Pic 01: Oxford Brookes University - Top Ranking University in UK.
Oxford Brookes University was ranked 54th highest in UK in 2016 as apposed to Malaysian Universities which were ranked Top 1000 or reads as Top ONE THOUSAND Universities ranking! 


Click HERE for Oxford Br. University ranking.

Aim to complete your F-Level ACCA and do this prestigious degree. You can email your enquiries  to me : marcus_ong88@hotmail.com

How are Malaysian Universities fare in World Ranking?


7 Malaysian varsities make it into THE rankings


Image result for universiti teknologi petronas








Pic 02: Substance (ranking) over form. UTP shocking low ranking.


Seven Malaysian universities have made it into the latest Times Higher Education (THE) World University Rankings.

Universiti Teknologi Petronas (UTM) and Universiti Utara Malaysia (UUM) have made the list for the first time, in the 601-800 and 801+ bands respectively.

Universiti Kebangsaan Malaysia (UKM), Universiti Putra Malaysia (UPM) and Universiti Sains Malaysia (USM) maintained their 2015 rankings (601-800 band).

However, Universiti Teknologi Malaysia and Universiti Teknologi Mara dropped in ranking from the 401-500 band in the 2015 rankings to the 601-800 band and from the 601-800 band last year to the 801+ band this year, respectively.

“Malaysia invests a huge amount in higher education and has marketed itself as a knowledge economy and innovation hub in recent years. However, the nation’s public universities have been hit by a 15 per cent budget cut this year, after the economy came under pressure from lower oil and commodity prices.

“Universiti Teknologi Mara, for example, that dropped to the 801+ band this year, faces a cut of over 23 per cent,” THE World University Rankings editor Phil Baty said in a statement.

“Malaysia must ensure that it continues to make higher education a priority if it is to succeed in its ambition to create world-class universities,” he added, according to a report in the Malay Mail.
But, Baty said, the star of the region was Singapore, which is home to Asia’s top university for the second year in a row. The National University of Singapore (NUS) is at 24th ― its highest ever rank.

NUS is joined by the 35-year-old Nanyang Technological University in 54th place, also its top ever position; the university has risen 120 places since 2011.

The top five universities in the list are University of Oxford, California Institute of Technology, Stanford University, University of Cambridge, and the Massachusetts Institute of Technology (MIT).
Twenty-one universities from Southeast Asia made this year’s THE rankings, up from 15 last year.


Source: 

http://www.freemalaysiatoday.com, 7 Malaysian varsities make it into THE rankings, http://www.freemalaysiatoday.com/category/nation/2016/09/22/7-malaysian-varsities-make-it-into-the-rankings/, Visited site on 22nd Sept, 2016


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Strategic Re-positoning: If you have a degree locally, consider getting a SECOND degree to improve your international career mobility where OECD Rich COuntries recognise such attainments.

Corporate Governance at PLAY: BP shareholders reject chief Bob Dudley's £14m pay deal

- relevant to F8, P1 and P7 

Corporate Governance is a critical hot topic. See how the CHECK AND BALANCE against Executive Directors powers are at play - real life. 

BP shareholders reject chief Bob Dudley's £14m pay deal

BP shareholders have rejected a pay package of almost £14m for chief executive Bob Dudley at the oil company's annual general meeting.

Just over 59% of investors rejected Mr Dudley's 20% increase, one of the largest rejections to date of a corporate pay deal in the UK.

The vote is non-binding on BP, but earlier, chairman Carl-Henric Svanberg promised to review future pay terms.

Mr Dudley received the rise despite BP's falling profits and job cuts.
Corporate governance adviser Manifest says the vote is at or above the fifth-largest in the UK against a boardroom remuneration deal.

'Last chance saloon'

In his opening address to the shareholders' meeting, before the vote had been formally announced, Mr Svanberg acknowledged the strength of feeling, saying: "Let me be clear. We hear you."
He continued: "We will sit down with our largest shareholders to make sure we understand their concerns and return to seek your support for a renewed policy."

"We know already from the proxies received and conversations with our institutional investors that there is real concern over the directors' pay in this challenging year for our shareholders.
"On remuneration, the shareholders' reactions are very strong. They are seeking change in the way we should approach this in the future," he said.

The Institute of Directors said the shareholder rebellion would "determine the future of corporate governance in the UK".

"British boards are now in the last chance saloon, if the will of shareholders in cases like this is ignored, it will only be a matter of time before the government introduces tougher regulations on executive pay," said director general Simon Walker.


Out of touch'

Shareholders that criticised the pay deals included Aberdeen Asset Management and Royal London Asset Management.

Investor group Sharesoc branded the pay deal "simply too high", while Glass Lewis, ShareSoc, Pirc and Institutional Shareholder Services have also expressed their opposition.

Earlier on Thursday, Ashley Hamilton Claxton, corporate governance manager at Royal London, told the BBC: "The executives received the maximum bonuses possible in a year when [BP] made a record loss, and to us that just does not translate into very good decision-making by the board.
"We think it sends the wrong message. It shows that the board is out of touch."

She told the BBC's Today programme that if 20%-25% of shareholders vote down the pay deal, it would force BP to "think long and hard about their decision".

The early voting figures suggest that the opposition is even bigger that she expected.


Analysis: Simon Jack, BBC business editor

Giving someone a 20% pay rise for a year's work that saw BP record its biggest ever operating loss seems perverse even by chief executive pay standards.
If it's any consolation, (I doubt it will be), bosses at Exxon and Chevron got paid even more than Bob Dudley even though the value of their companies fell by more than BP. That's the bit that sticks in the craw for many. Under what circumstances don't these guys get paid a fortune? It would be fine if some years you win, some years you lose - but they never seem to lose.
We may get a rebellion of 20-30% of shareholders today but even if it was more than 50%, the board doesn't have to listen. Shareholders do have a binding vote every three years on the pay policy and formula. No use crying now, the formula that spat out £14m for Bob Dudley was approved in 2014 by 96% of shareholders.



 Pic 1: New CEO after the BP's disaster in gulf. Does Bob deserve higher pay?


BP's pay policy is subject to a binding shareholder vote every three years. It was last set in 2014, meaning new proposals are due to be put forward for shareholder approval again in 2017.

'Surpassed expectations'

Many experts argue that Mr Dudley is merely earning the market rate for international executives.
Mark Freebairn, partner at recruitment firm Odgers Berndtson, told Today: "If Bob Dudley was to leave [BP] it would be for a competitive company and remuneration would be part of the discussion. If you operate in a global market, you have to operate on a global scale."

BP was now in a far better position than when Mr Dudley took the helm, he said.
After the Gulf of Mexico oil disaster, BP's share price collapsed and it was forced to sell off assets worth billions of pounds to pay costs, fines and compensation.












Pic2: Deepwater Horizon disaster that costs BP billions in repairs and compensation. 



However, the collapse in the oil price over the past 18 months saw BP's profit tumble, and the company is axing another 3,000 jobs worldwide on top of the 4,000 cuts already announced.
A spokesman for BP said before the meeting at London's ExCel centre had begun that shareholders had previously backed the pay formula.

"Despite the very challenging environment, BP's safety and operating performance was excellent throughout 2015... BP's performance surpassed the board's expectations on almost all of the measures that determine remuneration - and the outcome therefore reflects this.

"And these clear measures derive directly from BP's remuneration policy which was approved by shareholders at the 2014 AGM with over 96% of the vote," the spokesman said.

Mr Dudley's pay package was less than that earned by some rivals in the oil and gas industry, including at Exxon and Chevron. But it was more than the award for Ben van Beurden, chief executive at Royal Dutch Shell, whose salary package fell from €24.2m (£19m) in 2014 to €5.58m last year.

Experts point out, though, that it can be difficult to compare like-with-like. For instance, Mr van Beurden's 2014 pay involved one-off pension payments and "tax equalisation" measures when he moved from the UK to the Netherlands.

And in 2015 Mr Dudley and Mr van Beurden received very different rewards under their long-term incentive plans, LTIPs. Shell gave its chief executive 8% of the LTIP, down from 49% in 2014. Mr Dudley's long-term bonus increased from 63.8% of maximum to 77.6%.
http://www.bbc.com/, 2016, BP shareholders reject chief Bob Dudley's £14m pay deal , http://www.bbc.com/news/business-36040210, Visited on: 22nd Sept, 2016

URGENT: SBL Exam Guidance for Dec 2018 Exams

EVERY SUCCESS IN YOUR DECEMBER 2018 EXAMS Change is the only constant. Kasturi Core lecturing team has now moved to 2 new locations. ...