QUESTION 1 Use the information below to answer questions that follow: Having carried out the research, the Botswana Accountability and Oversight Authority (BAOA) concluded that King III would be the most suitable for Botswana, for the following reasons. The flexibility and all-encompassing nature of its application arising from the apply or explain principle, which enables the board of an entity to apply a recommendation of King 111 differently or apply another practice and still achieve the objective of the overarching corporate governance principles of fairness, accountability, responsibility, and transparency. Many entities listed on the Botswana Stock Exchange have adopted the King Code of Corporate Governance Outline four functions of the corporate governance principle of transparency. (4 marks)