WEDNESDAY: 26 April 2023. Morning Paper. Time Allowed: 3 hours.
Answer ALL questions. Marks allocated to each question are shown at the end of the question. Do NOT write anything on this paper.
QUESTION ONE
1. Outline FIVE challenges that one may consider when planning for public meetings. (5 marks)
2. Identify FIVE qualities required for an effective chairperson in a meeting. (5 marks)
3. Registration of Certified Public Secretaries Board (RCPSB) is established under the Certified Public Secretaries of Kenya Act Cap 534 of the Laws of Kenya.
Assess FIVE roles played by this Board. (5 marks)
4. Certified Secretaries are required to be ‘in good standing’ as part of professional development.
With reference to the above statement, explain FIVE benefits of continuous professional development to a Certified Secretary. (5 marks)
(Total: 20 marks)
QUESTION TWO
1. Identify FIVE rules of etiquette that should be observed during a virtual meeting. (5 marks)
2. Explain FIVE elements to consider when preparing the Board’s annual work plan. (5 marks)
3. Juiser Company Ltd. has been struggling to meet its financial obligations. During the last Board meeting, the directors were sceptical of a compulsory liquidation.
According to the Insolvency Act 2015, analyse FIVE circumstances in which a company may be liquidated by the Court. (5 marks)
4. Highlight FIVE documents required by the Retirement Benefits Regulator in your country, for consideration during the setting up of a pension scheme. (5 marks)
(Total: 20 marks)
QUESTION THREE
1. Explain FIVE elements of an effective compliance programme. (5 marks)
2. List SEVEN persons who may represent a creditor during a creditors’ meeting. (7 marks)
3. Analyse FOUR characteristics of a successful dividend stock. (8 marks)
(Total: 20 marks)
QUESTION FOUR
1. Explain the order of precedence to be followed by the clerk in administering the oath of affirmation of office to members of the National Assembly. (4 marks)
2. Every company should maintain a register containing particulars of documents on which the official seal of the company has been affixed.
Explain FIVE contents of this register. (5 marks)
3. Identify FIVE benefits of statutory reporting. (5 marks)
4. Assess THREE advisers necessary, during listing at the securities exchange. (6 marks)
(Total: 20 marks)
QUESTION FIVE
1. For meetings to be considered valid, they need to be set out in accordance with the requirements provided in the statutory instruments governing the operations of the organisation.
Examine FOUR cross cutting legal issues that a Secretary should focus on to ensure validity of a meeting (4 marks)
2. Define the term dematerialisation of shares. (2 marks)
Explain SIX advantages of dematerialisation of shares. (6 marks)
3. Explain FOUR requirements for one to be deemed a beneficial owner as per the Companies (Beneficial Ownership Information) Regulations, 2020. (8 marks)
(Total: 20 marks)
