P1 P2 M1

Topics: Board of directors, Management, Corporate governance Pages: 3 (1081 words) Published: November 27, 2014
P1 & P2 & M1
P1 – “Describe the type of business, purpose and ownership of two contrasting businesses” Willen Hospice
Willen hospice cares for people who can no longer get their illnesses treated. They work around Milton Keynes, Bedfordshire and Northamptonshire. Willen Hospice is a charity and a charity is a business that requires funds from the NHS and general people who donate, it is also non-profitable business. Willen Hospices aim and objective is: “Our vision is to be the lasting and thriving provider of free care to all people affected by life limiting illness in our community. This will be made possible by a community working together continually to share in the delivery of the most assuring, equally accessible and advanced care available.” The purpose of Willen Hospice is to care and help people who have a life limiting illness or even elderly people who are unable to do things themselves. They provide care for people from the age of 18 years upwards and this focus on four key areas: specialist symptom control, emotional support, spiritual support and care for carers. The ownership of Willen Hospice is all trustees, The Hospice Trustees are responsible for the governance of the Hospice and they form the Council of Management. Their role is to ensure that the Charity functions within the law in accordance with the Charity Commission rules and also that the resources are managed efficiently. They meet quarterly and hold an AGM in August of each year. The Council determines the strategic direction and ensures policies and procedures are in place to manage risk. Various sub-committees, each with a Trustee representation, work to monitor the different aspects of the Hospice. The Council elects Trustees for a 3-year term of office renewable at the AGM. Tesco

Tesco is a supermarket that is known very well for its quality and good prices, it is the second largest retailer in the world. Tesco has a large part in the market share (30% UK) which is a very high...
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