critically review the law and finance literature, and in particular La Porta et al. (1997, 1998)* taxonomy of corporate governance systems in the light of recent corporate scandals and academic research. 2. What is the role of Venture Capital funds (VCs) in the design of IPO firms’ corporate governance? Further, discuss the use of IPO underpricing by CEOs and VCs in the pursuit of their own interests. Explain the possible conflict of interests that certain VCs may suffer from. 3. Critically review the literature on the impact of CEO compensation on firm performance, and this can be supplemented with recent evidence. 4. What are the drivers of corporate governance in Small and Medium Enterprises (SMEs)? Support your discussion with the relevant literature. 5. Are stock markets and strong investor rights necessary and sufficient to ensure economic development? Support your views by the relevant literature. .



Sample Solution