Topic: Corporate Governance Please give the complete answers and discussion + show opinions for the following questions and be sure that you have given the completed explanations in every question. Corporate Governance 1. What does agency problem mean? 2. What are the remedies for the agency problem? 3. What is the Sarbanes-Oxley Act? 4. Solve Parmalats case (page 101 of reading No. 8) 5. Describe the dominant compensation philosophy nowadays. 6. What is the link between company size and executive pay? 7. What are the limitations to equity incentives? 8. Could cash incentives be a solution for the pay-performance problem? Why or why not? 9. Define big bath 10. Is it possible to create an owner-employee contract to share value creation? How?