QUESTION $1(25$ Marks$)$ In relation to the case study, use an appropriate definition of corporate governance to discuss its significance and unpack the five $(5)$ basic principles of corporate governance. Additionally, identify the key parties involved in corporate governance and elaborate on their respective roles. State any assumptions you may need to make in your analysis. QUESTION $2(25$ Marks$)$ Using relevant examples, analyse how the recommendations from the UK Walker Review can benefit MIFCO. QUESTION $3(25$ Marks$)$ In relation to the case study, discuss the scope and responsibilities of The Privatisation and Corporation Board $($PCB$)$ concerning corporate governance. QUESTION $4(25$ Marks$)$ In the context of the MIFCO case study, analyse the implications of agency theory. Discuss how conflicts between principals $($shareholders$)$ and agents $($management$)$ may manifest in this situation, considering factors such as differing objectives, agency costs, and the challenges of aligning management's actions with shareholder interests.