answer part 1 please

In a defined benefit (DB) pension plan, the employer "defines" what pension compensation the employee will receive in retirement. In the pensions industry literature, it seems that the extinction of DB pension plans is almost upon us. Indeed, DB pension plans are in great decline even though employees often prefer a DB plan Required a) From the point of view of the employer briefly discuss (not just "ust") two important reasons for the decline of DB pension plans. (2 marks) b) Discuss three important elements of corporate governance that would apply to the management of a DB pension plan. (3 marks) Hint You may make reasonable assumptions about the employer and the industry if your assumptions are clearly stated Ensure that your answer relates to defined benefit pension plans Be sure to cite sources of any copied or derved information used in your answor