Interview Assessment PDF

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Interviewing assessment...

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GREETING Good afternoon, is it MR/MRS WESTERBERG. Welcome to the firm. It’s nice to meet you. My name is Luiza Szczepanska. I am a trainee solicitor here at Deals LLP and I am being supervised by Ms Asha Khan. I will now explain how the interview will be conducted. The interview will last approximately 30 minutes during which I will ask you some questions, and just so you know I will be taking some notes so don’t worry, I will still be listening. After that, I will give you advice and I will tell you what options are available to you. Does that sound okay? Also, just to remind you that we charge £210 pounds plus VAT per hour which means that the cost of your interview will be £105 pounds plus VAT. Is that okay? So you are here because you intend to acquire shares, you wish to become involved in the day-to-day management of Petersbury Quality Steels Limited and you are seeking advice in relation to your involvement in the management structure of PQS. Is that correct? PRELIMINARY So I just wanted to start off by saying that in order to C – Characters – Can I just ask how many shareholders and directors there are in the company? R – Relationships – are you in any way connected to any of the directors or shareholders of PQS, for example they can be your relatives. - Is there a specific reason that you wish to become involved in the day to day management of the company? For example, are any of the directors A – Assets – Can I ask the value of shares that you are wanting to purchase? How will you be financing the cost of the shares?

What is the value of shares that you wish to purchase? And how will you be financing that amount? What type of shares do you wish to purchase? Do you have any connections with any of the directors or shareholders? For example, do you know any of them personally outside of the company? I’d like to discuss a bit more about…i.e. a specific director.

ADVICE – management control of an existing company In order to be involved in the day to day management of the company, you will have to be appointed as a director by the current directors or shareholders of the company. Shareholders In order to be appointed as a director by the shareholders, you must receive the majority of the votes which would mean anything over 50%. Directors In order to be appointed by the directors of the company, How that happens is a director will call a board meeting during which all directors will vote on the decision to appoint you as a director. You have already sent us a copy of the company articles of association, according to which directors can vote and count in the quorum at board meeting even if they have a personal interest in matters under discussion. This means that if you are related to or connected to a director in any way, they can still vote on whether to appoint you as a director so that’s not an issue. Advice in relation to your involvement in the management structure of the company Shareholder As a shareholder, or a member of the company as it is often referred to, you are not involved in the day to day management of the company, you are simply the owner of the company. You will be entitled to vote on significant decisions and you will receive Director As a director, you have many duties and responsibilities when carrying out the day to day management of the company. Directors are essentially the agents of the company and they act together as a board of the company. Just to mention some general duties of directors, as a director you must 1. Act within your powers, 2. promote the success of the company, and exercise reasonable care when making decisions. Just to make it clear, you don’t have to be a shareholder to be a director and vice versa. You can just become one of those.

OPTIONS AVAILABLE TO YOU The consequences/effects of those options. What we can do for you is check the company’s history and financial accounts and we can report back to you on our findings. We can review the company’s business plans and details of all members, directors and any associated companies in order to help you make your decision as to whether you do wish to become involved with the company.

Advantages

Disadvantages – just to explain that there are some risks of becoming a director. I think it is important to mention that you may be personally liable.. I would advise that you take out a professional indemnity insurance policy which will protect you in case a resolution is passed by directors including you which leads to great financial loss for the company.

CLOSING Have I covered everything in the interview that you wanted to talk about?

What will happen next:

Are you happy to go ahead or would you like more time to think about it? Maybe we could schedule another meeting in a couple weeks’ time after you’ve made your decision and I can then take you through the process of whichever option you choose to go with if any. Does that sound like something you’d want to do? What I will do is I will investigate PQS so that I can What the firm will do is help you with the process I’m excited that you have chosen our firm and I’m looking forward to working with you.

ASK OPEN QUESTIONS: What How Why

When Where Invite the client to talk: Please tell me a bit more about… I’d like to hear more about..

***the client should know when he leaves the interview room what you are going to do, what he needs to do and how long the next step will take *** Tell the client who will contact who next.

What you/the firm will do: Why you will do itL By when you will do it: What the client should do Why the client should do it By when should the client do it Do you have questions at this point?

Would you want to arrange a follow-up meeting with so that we can

Thank you for coming today, I hope everything goes well for you, take care and speak soon. Bye....