Business Communication Skills

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  • Topic: Financial Times
  • Pages : 7 (1986 words )
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  • Published : November 18, 2012
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Faculty of Business, Computing & Information
Management

Business Communication Skills
Coursework- Critical review
&
Personal Development Review

Module Coordinator: Mr. Phil Vellender
Module Code: BBS-6-BCS
Course: MBA (FT)

By
Mahalakshmi

Table of Contents

1. Critical Review…………………………………………………………………....1 2.1 Introduction………….…………………………………………………………1 2.2 Context………….…………………………………………………………........1 2.3 Summary………………………………………………………………………..2 2.4 Language Analysis……..……………………………………………………..3 2.5 Content Analysis………………………………………………………………4 2.6 Conclusion……………………………………………………………………..5 2. Personal Development Review…..…………………………………………….6 3.7 Introduction…………………………………………………………………….6 3.8 Four-step Model……………………………………………………………….6 3.9 Conclusion……………………………………………………………………..8 3. References…………………………………………………………………………9 4. Appendix……...……………………………………………………………………10

1.Critical Review
Do shareholders own the company?
1.1 Introduction
This is a critical review of an article published on the website of The Financial Times on 20 April 2012. This article was published in The Financial Times newspaper on 21 April 2012. The title of the article is ‘Shareholders lose patience on banker’s pay’ by Dan McCrum and Kate Burgess from New York and London respectively. The purpose of choosing this article is of my personal interest on banking industry, for its interesting information about shareholders, significance and ornate style of writing. This review begins with an analysis on the reading and writing context of the article, followed by a brief summary of key points, a critical evaluation of language used, content analysis and a conclusion. References and the article itself are also included at the end of the review.

1.2 Context
As mentioned before, this article has been taken from the newspaper publication ‘The Financial Times’, which is one of the largest business news and information company in the world. It offers vast news, comments, data and analysis to business community globally. It is known worldwide for its reliability, authority and accuracy(http://www.ft.com/home/uk). The article relates to current affairs on the importance of investors’ vote on the company’s pay. The writers of this article discuss the same on different banks in United Kingdom and United States. Moreover, it brings different predictions based on the impact of the investor’s vote on pay package. 1.3 Summary

First, the writers of the article begin with the information on how the chief executive of Citigroup suffered a loss because of lack of its shareholders’ support on their “pay package”. Furthermore, they also discuss that the board of directors look back to their pay levels questioning themselves on what makes the investors lose their temper and found that poor returns of the bank’s investment to be the reason for losing shareholders’ patience. Second, the authors stress on the point that it is shareholders’ responsibility to query the company board of directors about their financial position, performance and their management strategy. They also state that due to the governance pressure on investors, it is mandatory to hold an advisory “say on pay” vote for all US registered companies. They also show evidence on how company’s pay changes depending on the investors support by giving the statistical data on two companies like Jacobs Engineering Group and Beazer Homes. Third, the authors compare the US listed companies votes with that of UK registered companies votes. They have chosen Barclays bank in London as an example. According to the article, the investors have decided to vote for Barclays for its plan but still many are threatened to vote no. Even though, Mr Diamond is ready to give away half of his bonus and share higher profits to shareholders, still some of the investors does not agree to provide “say on pay” vote. Finally, the writers conclude...
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