question one

a) Briefly explain why does a corporate entity require a constitution and what kind of companies might have an all-executive board. Justify.

b) Explain briefly the potential dilemma faced by board of directors in unitary board and how could the dilemma be overcome by two-tier board.

c) Explain how listed companies are expected to comply with the 'Comprehend, Apply and Report' (CARE) requirement of the MCCG (2017).

d) Explain the difference between resource dependency theory and resource-based theory in the context of corporate governance and justify the perception of these theories towards managers or directors.