1.What are the effects of the size of the fraction of equity share ownership by top management on: a. q-ratio? b. Agency problems? c. Probability of a hostile bid? d. Level of premium required for a...

1.What are the effects of the size of the fraction of equity share ownership by top management on: a. q-ratio? b. Agency problems? c. Probability of a hostile bid? d. Level of premium required for a takeover bid to succeed? 2.List four of the BusinessWeek criteria for evaluating effective governance by boards of directors. 3.What were the findings by Millstein and MacAvoy? 4. Discuss the issue of the elasticity of executive pay in relation to changes in firm value versus the impact of incentive executive compensation on the wealth position of executives. 5.What is the potential role of the stock market and security price movements in corporate governance?